Kivnon answers questions about bankruptcy, AGV plans [Video]

Kivnon Logística last month entered bankruptcy as the company attempts to restructure and reformulate the Spanish provider of automated guided vehicles, or AGVs. The Robot Report reached out to the company for more details on the news.

When asked about the cause of the bankruptcy, a company spokesperson said, “The AGV market has experienced notable shifts recently, particularly influenced by challenges in the automotive sector, one of the largest adopters of mobile robotics. This has created a ripple effect, slowing growth in some areas.”

“However, other industries, such as logistics and e-commerce, continue to drive demand as they look for efficient automation solutions to meet increasing operational pressures,” said the Kivnon representative.

According to The AGV Network, the company’s financial statements showed assets of €25 million ($26.4 million U.S.) against liabilities of €20 million ($21.1 million) , with €15 million ($15.8 million) owed to financial institutions.

Kivnon’s headquarters and manufacturing facilities are in Barberà del Vallès, …