The deal aims to bolster Linde MH’s portfolio of safety solutions with the addition of the startup’s vehicle localization technology. In conjunction with it, High-Tech Gründerfonds (HTGF), SeedCapital Dortmund and Acquarium Partners have secured an exit.
Led by by Dr. Andreas Lewandowski, Dominik Gerstel and Volker Köster, as well as former HTGF Investment Manager Ron Winkler, Comnovo provides an innovative vehicle localization system that emits sounds or vibrates to warn of approaching vehicles. The solution has the ability to “see” through loaded palettes, shutters and even walls – with 10cm accuracy.
It is a spin-off of the department for communication networks at TU Dortmund university.
For Comnovo, the acquisition provides new opportunities for both sides, from development to market penetration.
A KION Group company, Linde Material Handling is a global manufacturer of forklift trucks and warehouse trucks, and a solutions and service provider for intralogistics.