Unitronics Reorganises Operations to Position for Growth
By Business Wire News
By Business Wire News
TEL AVIV, Israel
Unitronics 1989 (R.G.) Ltd (“Unitronics” or “the Group”) (Euronext: UNITB; TASE: UNIT), a leading global provider of industrial automation products, smart warehouses and automated parking solutions, is pleased to announce that the Board of Directors of Unitronics has approved to formally reorganise the Group’s operations by incorporating the Unitronics Systems division with an expanded Unitronics Automated Solutions division.
With immediate effect, Unitronics Systems division activities, including the design, construction and maintenance of storage and logistics systems like smart warehouses and distribution centres, will be performed by Unitronics Automated Solutions.
Haim Shani, Chief Executive Officer of Unitronics, said: “The combination of our Systems division that builds automated smart warehouses and the Automated Solutions division that builds automated parking solutions was a natural next step in the evolution of those businesses as they shared personnel, technology and the IP. In fact, our early automated parking projects were carried out by the Systems division, so they have been working together since we started the parking solutions business. The combined entity now has an experienced workforce that has a successful track record of delivering large-scale projects on time and on budget.”
Mr Daniel Nygate, who headed up the automated parking solutions business and was VP and Director of Purchasing of the Group, has been appointed as Chief Executive of the expanded Unitronics Automated Solutions division. Mr Joseph Ratsabi, who was the Unitronics Systems division head, has been appointed as Vice President Chief Operation Executive of the expanded division. The Board is also pleased to announce the appointment of Mr Ronen Zalayet as Chief Financial Officer of Unitronics Automated Solutions. Mr Zalayet is a CPA and has over 15 years’ experience in financial management and audit roles. His senior positions have included CFO of Jerusalem Investments Technologies, a publicly traded company on TASE, and of Tescom Software System Testing Ltd, which was listed on London’s AIM as well as TASE.
Following the creation of the enlarged business, the remainder of the Unitronics Group will focus on making products (programmable controllers) for the logistics industry.
Established in 1989, Unitronics specializes in the development of automated parking solutions, smart storage and logistics systems, and PLCs for industrial automation. Unitronics’ solutions are designed to create enhanced people-machine interactions by means of a user-friendly visual interface and to enable remote management over the internet, the organisational network, and GSM cellular networks for commercial-mobile apps. Unitronics’ international distribution network includes 140 distributors and sales offices in Europe, the United States, Israel and the Far East, as well as the company’s subsidiary, Unitronics Inc., which manages the Unitronics marketing and distribution operations in North America.
Harry Chathli, Claire Norbury
+44 207 618 9100