- intralogistics group KION Group takes a stake of nearly 20 per cent and an investment of around 5 million euros in ifesca GmbH
- lead investor bm-t beteiligungsmanagement thüringen invests once again around 2.2 million euros in the Ilmenau-based company
- ifesca develops software solutions for optimal energy management
ifesca, a software company based in Ilmenau has won one of the world's leading suppliers of forklift trucks and warehouse logistics, the Linde Material Handling GmbH, a subsidiary of KION GROUP AG, as an important strategic investor. With an investment of around 5 million euros and a stake of almost 20 per cent, the intralogistics group has become the second-largest owner of the young company. At the same time, the KION Group and ifesca agreed on a strategic cooperation. The largest investor, bm-t beteiligungsmanagement thüringen, is also participating with around 2.2 million euros. "We are delighted to have successfully completed the current round of financing and to win the KION Group as an industrial and globally active partner for the future," reports Sebastian Ritter, CEO and co-founder of ifesca GmbH, and is positive about the company's future development.
"Since our seed investment, we have seen how the team and technology have significantly developed. We are convinced that ifesca will play an important role in the exciting markets of AI-based decision-making processes. The innovative partnership with KION Group for optimised energy management in intralogistics is a perfect example of the huge potential," comments Cornelia Böse, Senior Investment Manager at bm-t.
The KION Group will use ifesca's software platform in the intralogistics sector. "With ifesca's AI-based software, we will offer our customers a holistic solution for their energy management in the future," explains Stefan Prokosch, Senior Vice President Brand Management at Linde Material Handling GmbH. "With the accurate forecasting results of this platform, our customers will be able to plan optimal loading times for their industrial truck fleets, avoid loading peaks and thus significantly reduce their energy costs." In addition, the platform can be easily and flexibly integrated into existing energy management systems through open interfaces. "A real added value for our customers and thus also for us," Stefan Prokosch is convinced about the ifesca platform. Supermarket chains, automotive production, DIY stores and many other users will thus be able to gain easy access to modern technology for the energy-sustainable application of their KION logistics solutions in the future.
However, the intralogistics sector is just one of many other possible applications in which the
35-member company's energy management system can be used with great added value for saving and optimising the use of energy and thus increasing sustainability. "Our goal is to optimally support decision-making processes by offering innovative software solutions in the field of forecasting, optimisation and associated services," explains Sebastian Ritter. "The focus is on maximum ease of use and intuitive handling of business processes."
The new capital is to be used for the company's growth, the expansion of sales activities in other European and international countries and for the development of newly acquired markets.
About ifesca GmbH
ifesca GmbH is an IoT company based in Ilmenau, Thuringia, and offers software products for industry and the energy sector. With the cloud-based platform ifesca.AIVA® and the stand-alone component ifesca.ADAM®, the company has developed two applications with which all market roles in the energy industry as well as energy-intensive industrial companies can use the digital service in the area of forecasting and optimisation of energy data. By providing fully automated real-time forecasts, the AI-based intelligent forecasting system supports decisions for energy supply and demand. This makes it possible to reliably serve planning processes that are becoming increasingly complex due to the growing amount of data.
The speed with which recommendations for action can be made is also significantly increased. ifesca customers are thus enabled to meet the requirements of digitalisation and a holistic view of energy issues in the company. They can use the potential gained in this way to increase their competitiveness.
About KION Group
The KION Group is one of the world's leading suppliers of industrial trucks and supply chain solutions. Its range of products and services includes industrial trucks such as forklift trucks and warehouse trucks as well as integrated automation technologies and software solutions for optimising supply chains - including all associated services. In more than 100 countries, the KION Group's solutions improve the flow of materials and information in production plants, warehouses and distribution centres.
The MDax-listed Group is the largest manufacturer of industrial trucks in Europe in terms of units sold in 2020. In China, the KION Group is the leading foreign producer in terms of revenue in 2020 and the third-largest supplier when domestic manufacturers are included. In addition, the KION Group is one of the world's leading suppliers of warehouse automation in terms of revenue in 2019.
At the end of 2020, more than 1.6 million industrial trucks and over 6,000 installed systems from the KION Group were in use worldwide by customers of various sizes in numerous industries on six continents. The Group currently employs more than 36,000 people and generated revenue of €8.3 billion in the 2020 financial year.
bm|t is one of the first addresses for investments in Thuringia, Germany. bm|t invests in start-up teams and companies in the Free State with a clear aim of generating positive investment returns. This is how innovation and economic growth in Thuringia are financed. bm|t currently manages ten funds with a total volume of over 440 million euros and invests in innovative companies in nearly all sectors and in all phases of company development - from the start-up and growth phases to buyouts and other succession situations.