Headquarter: Norway
Headcount: >1,000 employees
Investment Date: July 2021
Element Logic: A global leader in end-to-end warehouse automation
Element Logic is a global warehouse automation company delivering high-performance order fulfilment solutions, software and services. Founded in Norway in 1985, the company implemented the first AutoStore system in 2004 and played a pivotal role in the commercialisation of robotic automated storage and retrieval (AS/RS). Today, Element Logic is the world’s #1 AutoStore integrator with more than 600 installed systems globally, and has evolved from a pure AutoStore integrator into a leading provider of end-to-end fulfilment automation solutions.
Element Logic designs, delivers and supports complete warehouse automation systems, integrating best-of-breed technologies from curated OEM partners – robotic storage and retrieval, robotic piece picking, mobile robotics and conveyance, and automated packaging – through ELEMENTS, its proprietary, AI-enabled orchestration software platform. A comprehensive lifecycle offering of aftermarket services, software licences and site expansions supports customers from the initial installation throughout the life of their automation journey. Element Logic serves customers across retail & apparel, 3PL / transport, industrials, parts distribution and consumer electronics, ranging from fast-growing e-commerce brands to global multi-site blue-chip companies.
Element Logic is headquartered in Norway and has more than 1,000 employees across 27 locations in Europe, the Americas and Asia-Pacific.
~30% revenue CAGR 2021–2026
>600 installed automation systems
>1,000 employees across 27 locations
In 2021, Castik Capital acquired a majority stake in Element Logic in partnership with its co-founders Dag-Adler Blakseth and Kjell Blakseth and the broader management team. Castik jointly owns the company alongside Element Logic’s founders, management team and employees.
Since Castik’s entry, Element Logic has grown into a global, institutionalised platform: it has established an international group management team and group-wide operating functions, expanded into the US and Asia-Pacific, completed and integrated five strategic acquisitions and invested substantially in its proprietary software platform to support end-to-end fulfilment automation. Castik continues to support Element Logic in its international organic expansion and in further accretive M&A in a highly fragmented market.
- Global leader in the large and growing warehouse automation market, driven by labour scarcity, increasing supply chain complexity and advances in robotics and AI
- Over 40 years of warehouse automation experience and the world’s #1 AutoStore integrator with more than 600 installed systems globally
- End-to-end offering across the entire customer lifecycle: solution design, integration of best-of-breed OEM hardware, proprietary orchestration software and lifecycle services
- Proprietary, AI-enabled software platform ELEMENTS and dedicated aftermarket organisation, generating a growing share of recurring revenues from a large installed base
- Highly diversified and resilient business across customers, industries and regions, with an international footprint in Europe, the Americas and Asia-Pacific
- Institutionalised M&A platform with five acquisitions completed and integrated since 2022