ProGlove investment cites UK as Europe’s biggest growth market
24 Sep 2019
Industrial wearables giant ProGlove has identified the UK as the key growth market for its European investment plans.
The firm recently announced it has secured backing of $40 million from the global equity group Summit Partners and has earmarked a portion of this for British expansion.
A spokesperson said the UK represented a key market for ProGlove, where it has seen significant growth in demand for its wearable scanners. Manufacturing, logistics and retail - some of the UK’s biggest industries - are all thriving markets for ProGlove despite the uncertainty around Brexit.
Among the leading UK names using the firm’s products are Unipres, Vauxhall, and the BMW Mini Plant and Wincanton.
Principal at Summit Partners Johannes Grefe, who has joined the company’s Board of Directors, commented:
“The market for industrial wearables is large and rapidly growing, and we believe ProGlove is well-positioned for continued growth as manufacturing and shipping processes increasingly depend upon smart scanning solutions to optimise productivity.”
The company has also unveiled an extenstion of its award-winning Mark product range of scanners that allow users to scan barcodes at a distance of up to 32 inches and, in the case of the Mark standard range, processes up to 6,000 scans per battery load.
“This extension of our product portfolio marks an important landmark for us as we are advancing on our journey to becoming the undisputed leader in industrial wearables and software that enables a smarter workflow,” said ProGlove vice president product Thomas Kirchner, .
Photo:ProGlove co-founder and vice president product Thomas Kirchner with CEO Andreas Koenig