JENSEN-GROUP has announced that it is acquiring 30% of the ownership of Inwatec ApS with effect from 1 January 2018.
Jensen’s interest in Inwatec arises from its wish to extend the range of automation solutions and artificial intelligence in the laundry industry, an area where Inwatec is playing a prominent role.
Inwatec produces innovative solutions for heavy-duty laundries around the world. As a result of the new agreement Inwatec plans to upgrade its headquarters at Hvidkærvej 30 in Odense, Denmark.
“In three years we have grown from 4 to 30 employees, and the opportunity to benefit from Jensen’s large distribution and service network means we can now focus even more on the innovation and development of new products and less on the distribution,” said Inwatec CEO Mads Andresen. “Inwatec is a development house, and the arrangement with the Jensen-Group does not change the fact that the machines are being developed and built in Odense in close cooperation between our engineers, software specialists, electricians, and installers. We have unique access to the world’s best tech talents in Odense’s robotic environment, and that has enabled us to develop solutions that few in the industry even dreamt of a few years ago. And we just started.”
Jesper Munch Jensen, Jensen-Group CEO said: “With the technology at Inwatec, especially in robotics and AI, we expect that together with Jensen we can develop some real blockbuster products for the future.”
He added: “We can offer Inwatec an extensive distribution channel, and for us, it is a matter of how we can develop this industry to a much higher level and bring the industry into a new generation when it comes to automation.”