JENSEN Increases Stake in Inwatec

Posted April 2, 2021 at 11:59 am



JENSEN-GROUP recently increased its shareholding in Inwatec ApS from 30% to 70%, according to a news release.

Inwatec ApS is a Danish company, part of Europe’s robotic hub Odense Robotics, that manufactures modern high-end solutions for industrial laundries. Inwatec specializes in the field of software and mechanical development for laundry automation and robotics.

In the first three years of the partnership, Inwatec and JENSEN-GROUP have jointly executed multiple projects worldwide. The Inwatec robots and intelligent software enable the automation of the laundry process in multiple areas, which couldn’t be covered three years ago, the release noted. “Together we are creating the future in laundry automation, NOW,” said Jesper Munch Jensen, CEO of JENSEN-GROUP, adding that “both companies share the same values and culture, taking our engineering into the 21st century.”

Inwatec ApS announced a net income of 2.7-million euros in 2020. JENSEN-GROUP does not expect a significant impact on its consolidated revenues as most of the sales are already included in the JENSEN Sales and Service Centers. Further details on the purchase price (14.9-million euro) allocation will be disclosed in the company’s half-year condensed financial statements, the release said.

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