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Modern’s 14th-annual survey of leading materials handling systems suppliers from around the world shows that business in general is headed in a positive direction and revenue is growing again.
The top five systems suppliers reported combined 2010 revenue of more than $6.83 billion, up 3.3% over 2009.
It may be too early to pop the champagne cork and celebrate the return of a robust economy, but according to Modern’s 14th-annual survey of the world’s leading systems suppliers, it’s not too early to put a few bottles on ice.
This year’s survey results show that all of last year’s Top 20 companies are on the list again, but mergers and acquisitions have made room for two new companies to hit the chart.
In all, 12 of the Top 20 companies reported an increase in revenue, two remained about even, and only five reported a decrease. That’s quite a turn of events from last year when 17 of the Top 20 companies reported a drop in revenue, one stayed flat, and only two reported increases.
So here’s how the current Top 20 stack up. Once again Schaefer Systems International, Daifuku and Dematic remain in the top three positions, respectively. No. 1 Schaefer saw a 7% decrease, but still reported an impressive $2.19 billion in revenue. With $1.95 billion in revenue, No. 2 Daifuku realized an increase of more than 10%, narrowing the gap between first and second positions. No. 3 Dematic experienced an increase of almost 20%, bringing its 2010 total revenue to $1.2 billion.
Rounding out the top five are Murata Machinery (No. 4) and Vanderlande Industries (No. 5), which traded places this year. The 20% increase reported by Murata Machinery was enough to move it into the fourth position, with less than 1% separating the two companies.
One important caveat: As we’ll see below, some of the increases in revenue were the result of acquisitions and not from organic growth. That is one reason the combined total 2010 revenue for all Top 20 companies of $11.4 billion is actually down 4.2% from the 2009 total of $11.9 billion.
On the plus side
Having a positive effect on its bottom line was No. 2 Daifuku’s strategic maneuver last October to take on a capital stake in Knapp with the acquisition from its current management team of approximately 6% of total shares outstanding. This deal is credited with having a positive, albeit fairly slight, impact on Daifuku’s year-end results.
Also having a positive effect on the bottom line was Dematic’s acquisition of HK Systems, which was finalized in September of 2010. HK Systems, a North American automated materials handling and software solutions provider, was No. 17 on Modern’s Top 20 ranking last year with $200 million in revenue. The purchase explains, in part, Dematic’s 20% jump in revenue.
Kardex Remstar International also saw an increase in revenue with the purchase of its United States competitor Kardex Systems. With the deal sealed and the two entities now reporting together under one management team, Kardex Remstar, as it is now known, has moved up two positions from No. 10 into the No. 8 spot.
The Fives Group, headquartered in Paris, also climbed the chart thanks to an 11% increase in revenue that moved the company up four positions from No. 13 to No. 9.
Another notable business maneuver was the acquisition of the New York-based engineering services company Retrotech by Chicago-based Savoye, which is a division of No. 11 Legris Industries. But because this deal happened in February of 2011, the financial impact will not be noted until next year.
Intelligrated has broken into the top 10, at No. 10. Last year’s total revenue reflects the first full year that Intelligrated reports with its expanded product and solutions portfolio.
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Articol disponibil in limbile: RO, EN
Data adaugarii: 15 Jul 2011
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