US-based Ranpak has purchased French packaging automation firm e3neo for an undisclosed sum.
With the completion of the deal, e3neo will operate as a separate business unit within Ranpak.
Currently, e3neo offers consulting, project management and implementation services to reduce costs, increase productivity, and improve fulfilment operations for its clients worldwide.
The company also provides solutions that integrate with a customer's warehouse management software in order to optimise packaging dimensions, as well as enable carton erection, in-the-box product fixation, and box closing procedures.
e3neo founder and co-founder Jean-Yves Sia and Uwe Klärner said: “We are solving a universal problem for customers and Ranpak's strength as a global company positions us well to grow quicker and keep up with increasing demand for automation in fulfilment centres.”
Alongside Ranpak, e3neo aims to focus on delivering packaging applications and solutions to its customers, facilitating growth for both the companies.
Ranpak CEO Stephen Kovach said: “Warehouse automation is increasingly important to achieve efficiency and productivity in packaging operations.
“With the acquisition of e3neo we are expanding our options for customers who want to take packaging automation to the next level.
“The proven technology and expertise of e3neo are crucial for us to cater to the needs of high-volume fulfilment operations and will be important to our growth strategy.”
Established in 1972, the company currently provides in-the-box packaging and paper-based solutions.