Inpixon, the Indoor Intelligence™ company, announced that it has signed a definitive agreement to acquire IntraNav GmbH, a leading industrial IoT (IIoT), real-time location system (RTLS), and sensor data services provider. INTRA
NAV's customers are generally large enterprises with billions in annual revenue and include Siemens Energy, TB International, Festo, and PERI, as well as international industry leaders in the fields of agricultural and construction machinery, aerospace, intralogistics and manufacturing.
NAV is a Germany-based industrial automation company specializing in advanced location-aware technologies to help organizations realize the benefits of Industry 4.0 including smart factories, smart warehouses, virtual manufacturing, paperless factories, virtual yard management, and digital supply chains. INTRA
NAV's flagship offering is its enterprise-class, multi-technology, RTLS IoT platform, INTRA
NAV.IO, which can consume, process, and present data from nearly any other device or system. INTRA
NAV's INTRALYTICS data-analytics software and INTRA
NAV.APP mobile and desktop apps complement the IoT platform. INTRA
NAV also offers a line of proprietary smart sensors including the tags for driverless transport systems, automated guided vehicles, smart pallets and more that can utilize UWB, RFID, GPS, Wi-Fi, and LTE cellular. Additional offerings with partners add NFC, BLE, and Wirepas Massive capabilities to the offering.
This acquisition will put us at the heart of the fourth industrial revolution, commonly called Industry 4.0. The manufacturing of goods and the processing of raw materials is in the midst of another wave of modernization, with Industry 4.0's digitalization of the horizontal and vertical value chains through automation and data exchange leveraging IoT and cloud computing. INTRA
NAV will bring new, comprehensive products and technologies, and a broad IP portfolio to strengthen our established RTLS product line. Importantly, with INTRA
NAV's IoT platform, we will be connected to the end user for industrial solutions, much like our CXApp connects users through our corporate workplace solution, enabling us to deliver the exceptional experiences that power smart factories, smart warehouses, and smart corporate campuses. With INTRA
NAV, we believe Inpixon will be able to create significant opportunities for the growth of our business in this huge market."
Nadir Ali, CEO of Inpixon
NAV was founded in 2014 by Ersan Günes, Chief Product & Technology Officer, and Gonzalo Ibarra, Chief Operating Officer. In 2020, Andreas Radix joined the management team as Chief Executive Officer to further scale up the business, and he and the founders will continue to lead the INTRA
NAV management team within Inpixon.
NAV's research with customers has validated extraordinary time savings using INTRA
NAV solutions combined with integrations with leading ERP systems such as SAP. Savings versus traditional methods include the following:
Inbound: Unload, inventory and arrange goods: 23% faster
Storage: Identify and pick-up goods, find available shelf, unload: 37% faster
Outbound: Find, load, transport, unload at outbound point (preliminary data): 42% faster
In accordance with the terms of a Share Sale and Purchase Agreement, dated December 8, 2021, Inpixon, through its wholly owned subsidiary, Nanotron Technologies, GmbH, as purchaser, will acquire 100% of the outstanding shares of IntraNav. The transaction is anticipated to close on or about December 9th, 2021. Additional information regarding the transaction, including the terms, will be available in a Current Report on Form 8-K, which will be filed with the Securities and Exchange Commission in connection with this transaction.
INTRANAV is a German real-time location & sensor data service provider for industrial platforms for the integration of the digital twin. With the digitization and allocation of real-time position data of industrial goods and transport vehicles with centimeter accuracy, the INTRANAV RTLS IoT platform contributes to a significant increase in efficiency and process reliability through the automation of logistics and production processes, such as Auto-ID solutions, paperless factory, AGV management, vehicle navigation, real-time material flow and shop floor management, and thus to the realization of the smart factory or digital supply chain. In addition to real-time data applications for the digital twin, INTRANAV also provides smart real-time location analyses from one platform suite, enabling companies to identify significant process optimizations and make data-based decisions. Customers and partners of INTRANAV are global companies such as Siemens Energy, PERI, Festo, SAP, Wirepas, and German Edge Cloud (GEC).
Inpixon® is the innovator of Indoor Intelligence™, delivering actionable insights for people, places and things. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. The company's Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. Inpixon customers can take advantage of industry leading location awareness, RTLS, workplace and hybrid event solutions, analytics, sensor fusion and the IoT to create exceptional experiences and to do good with indoor data.