The transaction took place Jan. 1. Further details were not available.
JENSEN-GROUP says its interest in Inwatec is because the company wants to extend the range of automation solutions and artificial intelligence (AI) in the laundry industry—an area where Inwatec is playing a prominent role in the market.
With the motto “We Remove the Dirty Work,” Inwatec says it produces solutions for heavy-duty laundries around the world, and the synergy effects of the new agreement with JENSEN-GROUP are making room for further upgrading of the activities at the Inwatec headquarters here.
“In three years we have grown from four to 30 employees, and the opportunity to benefit from JENSENS-GROUP’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,” says 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.”
“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,” Jesper Munch Jensen, CEO of JENSEN-GROUP, adds.