PRESS RELEASE, GISLAVED, 27 FEBRUARY 2024

Products

AXJO GROUP ANNOUNCES STRATEGIC PARTNERSHIP WITH AUTOSTORE SYSTEMS

GISLAVED, SWEDEN, 27 FEBRUARY 2024, -Axjo Group, a renowned name in the manufacturing of packaging solutions, proudly announces its recent collaboration with AutoStore, the leading robotic technology company specializing in automated storage and retrieval systems. Through this strategic partnership, Axjo Group will provide high quality, tech BINs for AutoStore systems across Europe with initial focus on the Nordic Region.

Mats Rabe, Business Development Manager of the containers division at Axjo Group expressed enthusiasm about the partnership, stating, "AutoStore's expansion in the Nordic Region aligns seamlessly with our commitment to innovation and quality. We are honored to contribute to the success of AutoStore and their channel partners and together, make a substantial impact on the market with cutting-edge, sustainable solutions".

With a legacy dating back to 1945, Axjo Group has evolved into a key player in Europe, focusing on sustainable practices in packaging materials. The company's dedication to staying at the forefront of environmentally friendly processes, production, and deliveries has solidified its position. Axjo Group's in-house competence in compounding, R&D, and a tech center positions it as an ideal partner for delivering technologically advanced and sustainable packaging solutions.

Axjo Group will begin the production of AutoStore BINs in year 2024 at the factory in Sweden, Gislaved. While the primary market will be the Nordic region, Axjo Group has the possibility to extend its reach to serve the broader European market.

Jacob Nilsson, the CEO of Axjo Group, emphasizing the company's core values, stated, "We are committed to being innovative, efficient, and sustainable in every facet of our operations. AutoStore's selection of Axjo Group as a BIN manufacturing partner is a testament to our success in embodying these values. Together, we look forward to developing products in our area of expertise – Technical advanced packaging solutions and sustainable materials".

Axjo Group and AutoStore anticipate a mutually beneficial collaboration, pushing the boundaries of innovation in the logistic storage solutions.

For further information, please contact.

Jacob Nilsson
CEO, Axjo Group AB
+46 (0) 371 58 67 40
Jacob.nilsson@axjo.com

Mats Rabe
CSO, Business Development Manager of the containers division at Axjo Group
+46 (0) 371 412 71
mats.rabe@axjo.com

ABOUT AXJO GROUP AB
Axjo Group AB is a leading player in sustainable packaging solutions, including Axjo Plastic, Axjo America, PPS, and Drumster. With decades of experience, we focus on delivering high-quality, innovative products for small storage solutions as well as for cable and fiber optic industry. Our unique service includes also closed loop systems with the possibility of reusing, recycling and upcycling plastic cable drums and BINs. Greenology is at the core of our philosophy, promoting the use of recycled and sustainable materials. The company is headquartered in Gislaved and have 205 employees. Learn more at www.axjo.com.

ABOUT AUTOSTORE SYSTEMS
AutoStore™, founded in 1996, is a technology company that develops order-fulfillment solutions to help businesses achieve efficiency gains within the storage and retrieval of goods. The company offers both hardware and software capabilities and the AutoStore technology is interoperable with other third-party solutions.  AutoStore is global, with ~1,400 Systems in 54 countries. All sales are distributed, designed, installed, and serviced by a network of qualified system integrators referred to as "partners". AutoStore was founded in Nedre Vats, on the west coast of Norway. The company has offices in Norway, the U.S., UK, Germany, France, Spain, Italy, Austria, South Korea, Japan, Australia, and Singapore, as well as assembly facilities in Poland. www.autostoresystem.com

AutoStore robot in action, holding a BIN.