Sweden, Simatic AB Raises SEK 5M

Askim, Sweden-based Simatic AB, a provider of AGV-Systems (Automated Guided Vehicle Systems) that specializes in logistic solutions for material flows, warehousing and transportation in industrial applications, raised SEK 5m from venture capitalist firms Almi Invest, Coach &Capital and an undisclosed investor.
Simatic develops order and traffic control and navigation software for all types of automated trucks.
In connection with the investment, Simatic named Leo de Meere as a new CEO. Lennart Hagegård and Stone Malmqvist of Coach &Capital will join Simatic’s Board. Malmqvist will become the new Chairman.  

Join the discussion