The growth at Blue Ocean Robotics is so fast, that the company is now expanding the group of owners to strengthen the capital base and the management’s expertise. The first stage of investment has been completed before the summer period while the second stage of investment, with an already established group of investors, will be conducted in August. The different stages of investments will give Blue Ocean Robotics a financial boost to continue to build their great success upon and there are many investors who would like to collaborate.
ODENSE, DENMARK – AUGUST, 2016
Blue Ocean Robotics has completed the company’s first investment stage with great success given that a private investor has invested DKK 10 million in the Danish robot comet. The company has entered the second investment stage, which is based on a group of investors that have shown interest in the robot business from Odense.
Blue Ocean Robotics could report in the spring that it was planning an IPO at Nasdaq OMX First North in Stockholm. The announcement led to numerous inquiries from private investors who have revealed a number of new and better opportunities for the company, who, therefore, in consultation with Fundamental Fondsmæglerselskab A/S, has chosen to put the IPO on hold indefinitely. For Blue Ocean Robotics it’s not just a matter of getting new capital to fulfill their extensive future plans, it is just as important to get human resources in the boardroom that can contribute to the continued growth of the company.
In June, Blue Ocean Robotics completed their first investment round, and here it was one private investor who invested DKK 10 mio., which represent 6.17% of the shares. The investor’s investments interests are managed in the Board of Directors by Jacob Bro Eriksen, who is also the chairman of Fundamental Fondsmælgerselskab A/S. The investment company is headed by Michael Voss. It has not only given Blue Ocean Robotics a financial injection but also added valuable skills to management in the form of a newly created board, with Jacob Bro Eriksen on one of the board seats.
“We have decided to let Blue Ocean Robotics get through a very meticulous investment analysis at Fundamental Fondmæglerselskab A/S” says Michael Voss who elaborates; “We consider the company to be highly promising with a leadership that has a deep understanding and skill set within their industry. We hope that the Board of Directors representation can contribute to Blue Ocean Robotics becoming a successful business for the benefit of its owners.”
Despite Blue Ocean Robotics only has been on the market for 3 years, the company employs over 110 personal worldwide, distributed in 11 countries and can count more than 25 sales partners in Denmark, Finland, Mexico, USA, Qatar, UAE and Singapore. The turnover is about DKK 60 mio. per year, with an expectation of significant increase in the years to come.
Blue Ocean Robotics develops and commercializes new generations of robots. The company establishes close strategic partnerships with key players in a wide range of industries and develop partnerships through the RoBi-X programme for new robot solutions. When a solution has been designed, developed and commercialized to the point where they can stand on their own feet, the solution is pulled out into a spin-out company with an independent management, but still with a close connection to Blue Ocean Robotics. By using this business model, the Blue Ocean Robotics group consists of 22 companies and at least 8 new are coming this present year.
The second investment stage will be completed together with an established group of investors that during the process have shown interest in becoming a part of the fairy tale from Funen, Denmark. The investment stage ends on the 29th of August and a new final Board of Directors will be constituted during September.
In the second stage of investments, shares in Blue Ocean Robotics will be sold and re-drawn. It will entail that 28,3% of the company is owned by external investors if all the shares are sold. There is allocated 5% for warrants. The last 66.7% is still owned by the three founders, Co-CEOs and partners, Claus Risager, Rune K. Larsen and John Erland Østergaard and the three founders expect to continue the company without significant changes in daily operations or to the organization.
“It is a great pleasure and satisfaction for us as founders of the company, to experience the great enthusiasm and commitment to our company and business model. We are looking forward to start the work of the board and the many exciting initiatives that lie ahead in the coming period. The capital injection also gives us the opportunity to realize plans that have so far been out of reach. Including among others a consolidation of our global growth and a stronger commitment of our own development of new robots and acquisitions of IPR and robotics companies in the global market. Thus, it will mean a gearshift in the company, so we will go from a start-up phase to a more consolidated and global positioning phase”, says Claus Risager, Rune K. Larsen and John Erland Østergaard.
About Blue Ocean Robotics
Blue Ocean Robotics apply robot technology to create robot solutions and innovation for end-users and new businesses in partnerships.