[February 11, 2020]

Major Projects in Grocery, Retail, Healthcare and eCommerce Sectors Fuel Growth and Expansion at KNAPP

Supply chain innovation leader KNAPP today announced the Grand Opening of their Phase 1 facility expansion in Kennesaw, Georgia. Fueled by major projects in grocery, retail, healthcare and eCommerce sectors, the $7M initial investment is the first step in expanding US Operations to meet the rapidly growing demand in North America. Including office space for up to 250 employees, the facility has added space for 400 employees and a 15,000 square foot state-of-the-art automated parts warehouse, including KNAPP's OSR Shuttle^TM Evo - as well as expanded parts and customer service capabilities.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200211005929/en/

KNAPP Facility Phase 1 Grand Opening in Kennesaw, Georgia (Photo: Business Wire)

Josef Mentzer, CEO of KNAPP, explained that, "Market deand for automated warehousing, distribution and order fulfillment systems has risen sharply in recent years. The corresponding demand for software solutions to drive these systems and help companies transition to the digital economy is also accelerating rapidly, and this has driven a three-year 404% growth in our business that is fueling our expansion. In addition, KNAPP is creating a North American Center of Excellence and expanding our global footprint with the addition of expertise and capabilities from mechanical and electrical engineering, to software development, program and project management."

The US labor shortage coupled with the market opportunity driven by emerging technology, such as artificial intelligence, cloud-based technology and internet of things technology (IoT) are all factors in KNAPPs accelerating investment in US based facilities and workforce. The combination of market factors and KNAPP investment in market leading innovation have resulted in increased demand, and sizeable, and recently acquired multi-year contracts.

Gernot Rupp, COO added, "we have been very fortunate that the company commitment to R&D, a 7% year-over-year investment, has resulted in a number of industry leading supply chain software and automation products. This had a direct impact on our relationship with industry sector leaders, adding major contracts with top 5 global companies in grocery, retail, healthcare and eCommerce based here in the US."

About KNAPP

KNAPP is a global market leader in warehouse logistics and automation with over 43 locations and 4500 employees worldwide. As a solutions provider, KNAPP provides one-stop, custom-designed intralogistics solutions in health care, retail, apparel, food, manufacturing and ecommerce sectors. Our clients experience results that are flexible, resource efficient, ergonomic and self-learning. The company's North American headquarters are in Atlanta, GA. For more information, visit www.knapp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200211005929/en/

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