EXTOR Changes Ownership and Explores New Business Areas

With the RoverLog storage handling devices, EXTOR GmbH has already successfully established itself in tire logistics. Now the company aims to set new impulses in micro fulfillment and throughout intralogistics with its storage systems. Jörn von der Lippe, managing director of EXTOR GmbH, has now taken over all shares of the company from the parent company and has been able to win NBank as another shareholder.

(Hannover) More and more companies are opting for the introduction of automated systems in intralogistics. The RoverLog system from EXTOR offers warehouse solutions for goods with high turnover frequency and low logistics margins. The Hanover-based company was founded in 2016 as a subsidiary of the online tire dealer Delticom to develop an individual and smart solution for in-house tire storage and logistics. The basic idea of the RoverLog system was to store large-volume goods space-saving, automated, flexibly, and cost-effectively in the tightest of spaces. It was introduced as an alternative to the storage and picking infrastructure for tires, which previously had to be transported to their destination via conveyor belts or picked with forklifts.

Exploring Additional Industries

Jörn von der Lippe, managing director of EXTOR GmbH, has now taken over all shares of the company from the parent company and has been able to win NBank as another shareholder, which now holds 15 percent of the shares. “The idea and implementation of the RoverLog concept is so good and so successful that we want to grow and transfer it to other areas,” emphasizes the robotics specialist and business economist von der Lippe. The concept is unique in many areas and has several advantages over comparable systems: Products that can be placed in load containers may be seven times larger than those of competitors. Furthermore, the moving carts are capable of traveling over essentially unlimited distances within the storage system – and that with availability around the clock. Below the storage spaces runs a kind of rail network on which carts can move at speeds of up to 2.4 m/s and from which they receive their power. The resulting braking and movement energy is reused through recuperation. With the spin-off, the startup is able to explore additional industries and attract interested parties that previously competed. The company manufactures small to medium series itself. “Intralogistics is transitioning from large, rigid systems to modular, flexible, and data-driven solutions,” emphasizes Martin Ranic, investment manager at NBank Capital, “EXTOR stands for a team with a visionary idea.”
Photo: © EXTOR