Revenue: >€200m in 2021
Investment Date: July 2021
Element Logic: A worldwide leading integrator of AutoStore
Element Logic is an automated storage and retrieval system (ASRS) integrator and has been optimizing warehouse performance for over 30 years. The company sells, designs, installs, services and provides software for ASRS systems centered around Autostore. Element Logic was the first independent AutoStore partner and today is the leading AutoStore integrator, having installed more AutoStore solutions than any other company worldwide in 2020.
In addition to the AutoStore solutions, Element Logic offers supplementary robotic solutions, its own in-house software, and aftermarket and consulting services to help businesses improve their intralogistics performance and increase their profitability. The company optimizes warehouses of all sizes in a wide range of industries, leveraging its in-depth experience of end-to-end integrations in multiple verticals, and with particular strength in e-commerce.
Element Logic is headquartered in Norway and has over 200 employees across nine offices in Europe.
~45% organic revenue CAGR 2015-2021
Leading market position in the Nordics and across Europe
>200 specialized FTE
Castik Capital entered into an agreement to acquire a majority stake in Element Logic, in partnership with its co-founder and CEO Dag-Adler Blakseth, co-founder Kjell Blakseth and the broader management team. Castik will jointly own the company alongside Element Logic’s founders, management team and employees.
Castik aims to further support Element Logic with its rapid organic expansion across Europe and to explore further avenues to expand its service and software capabilities, partly through selective M&A.
- European warehouse automation champion
- Over 30 years of warehouse experience
- Value-added end-to-end offering: design, delivery, installation and ongoing optimization of tailormade end-to-end solutions
- Specialized in-house software and dedicated aftermarket team
- No. 1 AutoStore integrator with most installations performed in 2020