Transaction Details

June 22, 2021
Frankfurt

Sector

Industrials and Industrial Technology

Deal Type

Business Succession, M&A, Private placement, ESG

Deal Team

Frank Merkel, Michaela Pfeifenberger, Lukas Schmitt, Philipp Bröckel

GCA Altium advises AGILOX on an investment from The Carlyle Group

GCA Altium acted as exclusive financial advisor to Raiffeisen Invest Private Equity and the founders of AGILOX, a leading provider of intelligent autonomous mobile robots (AMRs) for the automation of intralogistics and material handling processes, on an investment from The Carlyle Group.

Headquartered in Neukirchen bei Lambach, Austria, AGILOX develops and produces AI-based, self-driving logistics robots. AGILOX’s AMRs drive major productivity gains, increase safety and reliability, and help address staff shortages in intralogistics and material handling processes. With its control system based on swarm intelligence, unrestricted omnidirectional freedom of movement, maximum navigation precision and easiness of use, AGILOX is setting new industry standards in the automated transport of pallet-based load carriers. AGILOX’s technology is highly valued by its blue-chip customer base which includes many multinational market leaders from the automotive, consumer goods and other manufacturing industries, alongside customers in the mechanical engineering and logistics sectors too. Through its HQ in Europe, subsidiary in the US and its global partner network, AGILOX has a presence in most of the key markets for intralogistics and material handling automation.

Global investment firm Carlyle, alongside existing AGILOX shareholder Raiffeisen Invest Private Equity, will invest substantial growth capital to help drive AGILOX’s further international expansion and the development of new products. The founders of AGILOX, along with Raiffeisen Invest Private Equity, will each retain a large stake in the company.

In a rapidly growing AMR market Carlyle’s investment and global network will further accelerate AGILOX’s growth. Equity for the transaction will be provided by Carlyle Europe Technology Partners (CETP) IV, a EUR 1.35 billion fund that invests in small and middle market technology-focused opportunities.

Franz Humer, CEO of AGILOX, said: “With Carlyle we were able to bring on board our dream partner, who, in addition to an international network, has an extensive understanding of our industry and experience in supporting fast-growing technology companies. Carlyle’s investment means a big step forward for AGILOX and together we will seek to continue to accelerate both our international expansion and the development of new products. Together with Carlyle, our vision is to develop AGILOX into a global market leader in the field of intelligent driverless transport systems.”

Daniel Haider, Managing Director of Raiffeisen OÖ Invest and Deputy Head of Investment Management at Raiffeisenlandesbank Oberösterreich, added: “Having supported AGILOX since its launch in 2017, we are pleased to support the next step in AGILOX’s growth journey together with Carlyle. With Carlyle as partner, AGILOX will remain an independent Austrian company and AGILOX’s footprint in Austria will expand even further. The high level of interest and feedback received by international investors confirms our view that AGILOX has the potential to become a global market leader.”

Details of the transaction, which is subject to regulatory approvals, are not being disclosed.

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