May 25, 2023
Lithuanian-based Lavango group has just completed an investment agreement of an undisclosed amount in Iceland, by acquiring shares of the robotics company Samey.
Lithuanian based Lavango group has just completed an investment agreement of an undisclosed amount in Iceland, by acquiring shares of the robotics company Samey. The Icelandic company, which has been operating for more than 25 years, is well known to the food industry as well as other industries. Its robotic production lines operate in more than 20 countries, including Scandinavia, the United States, Mexico, and more. Today, more than 600 fish, meat, grocery and other factories operate worldwide with Samey systems.
According to Lavango's representatives, this investment agreement is a big step towards an even closer partnership with Samey, with which Lavango has been cooperating intensively for the last 5 years in the production of food industry equipment that was engineered and developed by the team's specialists.
"We see that the food industry is experiencing a strong upswing today, but on the one hand, there is a great need to automate production as quickly as possible by reducing the number of jobs and physical strain on workers. And we believe there can be no better time to do that going together shoulder to shoulder." says Yevgeny Sakovsky, the head of Lavango Engineering LT. Samey's team of engineers and IT specialists have exceptional experience in the field of industrial robotics. Their strenght, according to J. Sakovsky, is the ability to use the maximum potential of robots by applying it to many different tasks in production. This is why the robots that are assembled and installed in existing production processes are exceptionally efficient. Company ensures all this by programming, installing and maintaining robots remotely.
"Meanwhile, we are excellent at analyzing production processes and advanced in designing automated production lines for the food industry and manufacturing equipment – that‘s why we have been Samey's technology partners for some time. The synergy is obvious, so it is not surprising that closer cooperation is very beneficial for both of us - we are becoming even more competitive, because from now on we will be able to offer our customers complex solutions on even better terms than before, ” says J.Sakovsky. The Icelandic company Samey currently employs 22 highly qualified professionals. They provide robotics, design, installation and maintenance services. Interest in the company's creative solutions is growing rapidly. Samey's turnover is expected to reach 10 million euros this year. Meanwhile, the Lavango Group has two production units in Lithuania and outside the European Union. The group has offices in Norway, Sweden and Eurasia. It has a total of more than 80 employees.
For the group of companies, this investment transaction is a new stage in vertical strategic development and integration. Having previously invested in increasing production capacity and building an additional production workshop in Lithuania, this year for the first time we have invested in competencies in the field of high-tech technologies. "If in the previous stages of development we grew mostly with the focus to become able to take on larger projects and implement them in terms that are attractive to the customer, we are now laying the foundation for being at the forefront of the fourth industrial revolution - with our advanced integrated manufacturing robotics and automation solutions. This year we are preparing to introduce one of our greatest inventions to the market - it will be a novelty in the global market. I believe that by working with Samey, we will make even more of a breakthrough in the food industry. We have already anticipated the transfer of know-how between teams, the pooling of competencies and at the same time the optimization of equipment design - our customers will feel that qualitative leap fairly quickly. And I think the whole market will hear about us more than once, ”says the head of Lavango Engineering LT.
Representatives of the company reveal that further development strategy includes investments in brands recognized in the food industry - companies or their products that develop complex, often patented technologies.
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