GEEKPLUS-W (02590) Expands Overseas Footprint with AI Robotics, Unlocking New Growth Potential

Stock News
11/12

GEEKPLUS-W (02590) has partnered with Nordic collaborator STL to establish a high-efficiency smart warehouse for Danish lifestyle brand Søstrene Grene, marking their eighth successful joint project. This milestone underscores GEEKPLUS-W’s deepening presence in the Nordic market and highlights the global competitiveness of China’s intelligent manufacturing in warehouse automation.

To address expanding product categories and business growth, Søstrene Grene deployed GEEKPLUS-W’s robotic solutions at its distribution center in Venlo, Netherlands. The implementation significantly improved warehouse throughput efficiency and picking accuracy, enabling simultaneous picking and replenishment while allowing seamless system scalability at any stage. Plans are underway to replicate this model at Søstrene Grene’s logistics hub in Aarhus, Denmark, with an expected launch in 2026.

This project represents another strategic achievement in GEEKPLUS-W’s overseas expansion. Recent initiatives include partnering with DHL for New Zealand’s largest robotic deployment, launching smart warehouse projects with PUMA and Coupang, and securing a strategic collaboration with Maersk. These efforts reinforce its position as the world’s largest warehouse fulfillment robotics solution provider for six consecutive years.

In H1 2025, GEEKPLUS-W reported that 79.5% of its revenue came from overseas markets, with non-mainland China operations achieving a gross margin of 46.2%, reflecting robust profitability under its global strategy.

Rather than isolated breakthroughs, GEEKPLUS-W’s overseas approach centers on an ecosystem model combining technology exports and local partnerships. Its exclusive collaboration with STL has solidified its foothold in the Nordic region. As of H1 2025, the company’s global service network spans 52 sites and 12 spare parts centers, ensuring reliable support for clients worldwide.

With the global AMR market growing at over 30% annually, GEEKPLUS-W is leveraging its 「AI + robotics」 technology to drive further expansion, positioning itself for sustained growth as its global footprint deepens.

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