BALYO and FM Logistic Announce Partnership to Open a Fulfillment Platform
07 Juli 2021 - 05:48PM
Business Wire
Appointment of Mark Stevenson as Chief Sales
Officer
Regulatory News:
BALYO (Paris:BALYO) (FR0013258399, Ticker: BALYO,
eligible for PEA-PME savings schemes), a technological leader in
the design and development of innovative robotic solutions for
material handling trucks, today announces the opening of its own
logistics distribution center, the ideal site for pursuing its
technological innovations at full scale and receiving clients and
partners.
The new site in Moissy-Cramayel, south-east of Paris, forms part
of a Prologis logistics platform, home to leading logistics
operators.
BALYO has decided to partner with FM Logistic who will be in
charge of operating this fulfillment logistics platform. The aim of
this collaboration between the technological market leader in the
design and development of innovative robotic solutions for material
handling trucks and the supply chain expert is to develop, together
and rapidly, one of the leading mobile robotics logistics centers
in France and Europe, not just for clients but also for schools and
universities.
The BALYO fulfillment center, formerly operated by a 3PL
provider, is now an operational center handling pallet movements
autonomously with BALYO’s robots for all applications, from
dock-to-dock. Operations are performed under real-life conditions
representative to those in distribution or production centers.
The Company has started to sell more than 5,000 pallet storage
spaces. As part of their collaboration, FM Logistic – a
longstanding partner and client of BALYO – will provide its
expertise in the operational management of the site’s logistics
activities.
“We are very proud to be working alongside BALYO to operate this
reference center. With this partnership, we will be able to provide
our expertise as a supply chain operator, and learn from the latest
innovations and functionalities in mobile robotics applied to
pallet movements. Our industry is undergoing numerous changes, in
which innovation plays a major role in making a difference and
responding to our clients’ demands.” Yannick Buisson, Chief
Executive Officer France, Central Europe and Western Europe - FM
Logistic
In addition, the diverse nature of the logistics flows handled
will enable BALYO to step up the pace of ongoing improvement of the
OS and technological bricks embedded into the robots.
BALYO can already announce that negotiations are in progress to
launch similar initiatives in Southeast Asia, as well as in the US
market.
The Company is also pleased to announce the arrival of a new
Chief Sales Officer, Mark Stevenson, in July. Mark, an American who
has lived in Europe for many years, has worked for more than 20
years in mobile robotics at well-known companies such as JBT and
Dematic. His international experience in direct and indirect sales
business development will constitute an advantage for BALYO in
stepping up the marketing of its solutions around the world. Mark
will be responsible for the Group’s sales and marketing, as well as
client service.
Pascal Rialland, CEO of BALYO, comments: “With this site,
BALYO has gained a tool that lives up to its ambitions to maintain
its technological leading position by continuing to innovate for
the benefit of our clients. The site is also a fantastic
opportunity to boost our business momentum, as we can now clearly
show our clients and prospects the full added value that our robots
offer in complex environments and for a variety of logistics
applications. We are also honored to welcome a longstanding client
and partner, FM Logistic, which through this collaboration has
confirmed the quality and relevance of our solutions and will be an
essential ally in making the center a world leader and an operating
success. Lastly, I am very pleased to welcome Mark on board, who
confirms the considerable potential for stepping up the pace of our
development that a center of this kind represents.”
Next financial release: first half 2021 sales revenues on
July 22, 2021.
About BALYO
Humans around the World deserve enriching, creative jobs. At
BALYO, we believe that pallet movements in DC and manufacturing
sites should be left to fully autonomous robots. To execute this
ambition, BALYO transforms standard forklifts into intelligent
robots thanks to its breakthrough Driven by Balyo™ technology. Our
leading geo guidance navigation system enables robots to locate
their position and navigate autonomously inside buildings - without
the need for any additional infrastructure. To accelerate the
material handling market conversion to autonomy, BALYO has entered
into two global partnerships with KION (Linde Material Handling's
parent company) and Hyster-Yale Group. A full range of globally
available robots has been developed for virtually all traditional
warehousing applications; Tractor, Pallet, Stackers, Reach and
VNA-robots. BALYO and its subsidiaries in Boston and Singapore
serve clients in the Americas, Europe and Asia-Pacific. The company
has been listed on EURONEXT since 2017 and its sales revenue
reached €21.7 million in 2020. For more information, visit
https://www.balyo.com/
About FM Logistic
Founded in France in 1967, FM Logistic is an independent
family-owned company that provides supply chain solutions for
omnichannel commerce in the consumer, retail, cosmetics, industrial
and healthcare sectors. Its services include warehousing,
e-commerce and retail order picking, co-packing, domestic and
international transportation, and control tower services. It
operates in more than 14 countries in Europe, Asia and Latin
America. FM Logistic generated revenues of €1.38 billion in the
fiscal year ending March 2021 and has 27,200 employees. You can
follow FM Logistic on Twitter at @FMLogistic and on LinkedIn at
https://www.linkedin.com/company/fm-logistic/
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version on businesswire.com: https://www.businesswire.com/news/home/20210707005732/en/
BALYO Frank Chuffart investors@balyo.com
NewCap Financial Communication and Investor Relations
Thomas Grojean / Louis-Victor Delouvrier Tel: +33 1 44 71 98 53
balyo@newcap.eu
FM Logistic MEDIA CONTACT Albane Gringoire -
Agence de Presse OGILVY Paris - 07 86 03 37 00 -
albane.gringoire@ogilvy.com
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