Automated materials handling solutions specialist TGW Logistics increased turnover by almost 15% to €713 million and employed nearly 400 additional staff across its global operations in the financial year ending June 30th 2018.
The company invested over €24 million in innovation and future solutions, focusing on robotics and cognitive systems, and boosted investment in this area for the current year by almost 25% to provide additional impetus in its work on connected warehousing and predictive maintenance.
“Software know-how is an essential core competence for classic warehouse management systems, as well as in terms of the business opportunities that digitisation now provides,” says company CEO Harald Schröpf. “We don’t simply manufacture mechatronic components, we connect them via software and to our customer’s ERP systems. We are constantly looking for highly-qualified software specialists and will continue to invest heavily in this area.”
€4.1 million was allocated from the results to the employee participation programme and further investment was promised in the TGW Academy – the company’s in-house education and training programme.
New local offices were opened in Atlanta, Seattle and Paris to better serve important growth markets. A new headquarters, TGW Evolution Park, was opened in Austria and US subsidiary TGW Systems Inc. moved into a 16,000 square metre facility in Michigan to strengthen the global production alliance between Austria and China as well as supporting the company’s growth in the USA. The company now has an international network of 26 offices across three continents.