The DAK Group is pleased to announce the strategic acquisition of its client Retrotech, Inc., a privately held leading engineering services firm specializing in warehouse automated storage and retrieval systems (AS/RS).
Retrotech was acquired in its entirety by Savoye, a subsidiary of Groupe Legris, a $500 million diversified industrial company based in Rennes, France. The DAK Group served as exclusive investment banker and financial advisor to Retrotech, initiating the transaction and managing the divestiture process.
The strategic combination of the two companies now presents customers expanded product and service offerings across international borders to meet the market’s increasing demand for efficient, highly automated warehouse systems.
According to Nancy Manket, Managing Director at The DAK Group, “This transaction re-confirms our experience that foreign buyers are keenly interested in acquiring U.S.-based businesses that offer a strategic and complementary fit for growth and expansion.”
Founded in 1985 outside Rochester, NY, Retrotech is considered a pioneer in the design and modernization of efficient warehouse handling systems. Known for its enviable presence in large scale distribution centers — particularly in the high volume personal products, food & beverage and high tech industries — Retrotech’s customized solutions accommodate increasingly larger numbers of SKUs, shortened delivery times, and objectives to reduce cost and human error.
Savoye is a an international logistics engineering firm focused on automated order preparation and fulfillment and mechanized packaging for shipping, high-speed sorting and pallet handling. The firm also develops software solutions for warehousing, transport and supply chain flows.