The Group announces the registration of its document de base with the Autorité des Marchés Financiers (” AMF “)
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Balyo, the technology leader in the design and development of robotic solutions to significantly reduce the handling costs of the pallets, in robotisant trucks announces the registration of its document de base with the AMF under the number I. 17-041. as of may 10, 2017 (the ” Document de Base “).
The registration of the Document de Base is the first step in the process of ipo of Balyo on the regulated market of Euronext in Paris. The completion of this offering is conditioned by many factors, including the issuance by the AMF of a visa on the prospectus relating to the transaction and market conditions.
The Base Document is available free of charge from Balyo (240 rue de la Motte 77550 Moissy-Cramayel), as well as on the websites of Balyo (www.balyo.com) and of the Autorité des marchés financiers (www.amf-france.org). The Company draws the public’s attention to Chapter 4 “risk Factors” and more specifically, section 4.2.1 “Risks related to the partnerships signed with the German group Kion, and the american group Hyster-Yale” of the Base Document.
The automation of the handling operations : a deposit of considerable value
The handling of pallets is an essential element of industrial activity, through which pass all of the physical flow of goods. The global market for material handling equipment rises, according to the FEM (European Federation of material Handling, to more than 33 billion euros, corresponding to more than 1.2 million trucks sold in 2016. At the global level, this activity represents an annual cost of about € 200 billion* spends the bulk of which lies in the labor costs. Today, 5.1 million of equipment and trucks in operation in the world* are mainly driven by operators.
The automation of cargo-handling operations represents a source of value very important for businesses, for little that the latter could benefit from a solution that is simple, inexpensive, fully integrated and at least as reliable and safe as the trucks are driven manually.
* Company estimates
To this day, the market addressed by the Company’s size is not significant. It represents a very small percentage of the market of electric carts, in the measure where the rate of automation of these trucks is residual. The Company retains the assumption that this rate will rapidly increase to exceed 3 % in 2022 for a market close to 2 billion euros, which is an estimate particularly prudent in light of market research or of the ambitions of its customers and strategic partners.
The solution Balyo : a unique technology of autonomous robots in a closed environment
Balyo, has invested for more than 10 years to develop a unique solution that lets you transform your trucks manuals standard robots capable of moving autonomously, intelligent and secure to use. This system of geo-navigation, which relies on a software allowing the trolley robot to move around in confined spaces, using as a reference the elements of existing infrastructure, constitutes a major break with the traditional technologies such as wire guidance, the laserguidage or optoguidage. This technology already enjoys a very strong recognition in the middle of the logistics.
An ambition for deployment at the global level permitted by the agreements the main strategic
The market for material handling is an international market, hundreds of billions of pallets through warehouses around the world each year. Balyo, who has developed a cutting-edge technology unique, hopes to conquer it very quickly significant positions in major commercial and industrial zones in the world.
Through its three branches direct (Asia, Europe, Usa), Balyo has now already won over thirty international clients, in sectors as varied as automotive, consumer and logistics.
To accelerate its development, Balyo has established strategic agreements with two industry-leading contained in the top 5 global manufacturers of handling equipment : the German group Kion (parent company of the company Linde Material Handling) and the american group Hyster-Yale Group. In the framework of these partnerships, the Company develops robotic solutions on the basis of standard trolleys manufactured by these two manufacturers. The carriages equipped for the solution of the Company are distributed through their dealer networks. The agreements entered into provide for in addition to progressively transfer the work of assembly and installation to their industrial sites.
A growth of 79% in 2016, and a target turnover in excess of 15 Million in 2017
In 2016, Balyo has achieved a turnover of 5.2 M increase of 79% compared to 2015. December 31, 2016, 137 robots Balyo were in service. The turnover in 2016, as the turnover in 2015, was essentially achieved in Europe through the distribution networks of the group Kion AG.
To march 31, 2017, the backlog is 14.5 M, an increase of 30% compared to December 31, 2016. Balyo will be in 2017, a very sharp acceleration in its activity, with a target turnover in excess of 15 Million.
The funds raised on the occasion of the envisaged ipo on the regulated market of Euronext in Paris will allow Balyo acceleration of its commercial development and maintaining its technological leadership through a research and development activity constant. Balyo will be able to offer a complete solution to its customers on a global scale to automate the bulk of their pallet flows.
Fabien Bardinet, ceo of Balyo comments on the project : “Balyo has developed in recent years a unique technology of automation of the handling equipment to provide reliability, security and productivity gains in material handling activities. This market represents a considerable potential. In this rapidly changing industry, it is essential to maintain our technological advance and accelerate our international deployment to take positions of leadership quickly. Our project listing is thus designed to give us the means of this ambition, to accompany the industrial revolution underway, and to become a key player at the global level of automation in the sector of material handling. ”
FIND ALL The INFORMATION ON THE proposed ipo OF BALYO ON : Invest. Balyo.com
ABOUT BALYO
Created in 2005, Balyo transforms industrial trucks manuals in autonomous robots, thanks to the technology Driven by Balyo. The system of geo-navigation developed by Balyo allows equipped vehicles to locate themselves and navigate in total autonomy inside the buildings. On a market vehicle handling robot, Balyo entered into two strategic agreements with Kion Group AG (parent company of the company Linde Material Handling) and Hyster-Yale Group, two major players in the field of material handling. With 91 people covering the three major regions of the world (Americas, Europe, and Asia-Pacific) Balyo has achieved a turnover of 5.2 million euros in 2016. For more information, visit www.balyo.com
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