Aarhus tech fund invests despite share price drop: “Has the potential to revolutionize its industry”

This post is also available in: Danish

A massive 45% drop in the share price is not holding New Deal Invest back. On the contrary, they see it as a great opportunity to invest in the American company Symbotic, which creates automated warehouse solutions using software and robots. Symbotic has major retail customers such as Target and Walmart and expects steady growth in the coming years.

Read also: Contribe raises 7 million for growth: “We have shown that consumers actually care about companies’ green profile”

“We have followed Symbotic closely for a long time and the share price decline represents a rare opportunity to invest in a company that is at the forefront of its industry. Not only has Symbotic developed a technology platform that addresses some of the most pressing challenges in logistics, but their ability to scale and adapt to new markets makes them an attractive long-term investment,” says Mads Christiansen, Chief Investment Officer at New Deal Invest, in a press release.

Focusing on long-term investments

The acquisition of shares in Symbotic is part of New Deal Invest’s investment strategy. The fund primarily focuses on investments in tech companies that have the potential for long-term growth.

“Symbotic is a great example of a company that has the potential to revolutionize its industry. With their integrated systems and focus on innovation, they are well positioned to capitalize on the growing demand for automation in the supply chain. We look forward to following their development and believe that our investment will create significant value for our investors,” says Mads Christiansen.

New Deal Invest does not disclose how much money the fund has invested in Symbotic.