Acquisition for traceability company which has base in Limerick
Canadian firm Optel Group make strategic purchase of robotics group
CANADIAN firm Optel Group, which has a base in the Raheen Industrial Estate, has acquired a new company.
Headquartered in Quebec, Optel Group supplies pharmaceutical traceability and supply chain solutions.
It has announced the purchase of Vanguard Robots, a company which is also based in the Canadian provincial capital.
Optel says its move strengthens its commitment to innovation and puts the firm “at the forefront of pharmaceutical automation”.
The global collaborative robotics market is projected to exceed $10 billion by 2030, with an annual growth rate of 30–40%.
In the USA, the company has said workforce challenges, including an ageing population and a shrinking pool of labour, are pushing manufacturers to adopt automation solutions that can deliver rapid solutions, often within 12 to 24 months.
By integrating Vanguard’s robotics technology, Optel says it's uniquely positioned to help pharmaceutical manufacturers address these constraints while enhancing profitability and operational efficiency.
“This acquisition is a natural evolution of our longstanding collaboration,” said Louis Roy, the founder and chief executive of Optel.
“Combining Vanguard’s expertise with our proven track-and-trace and vision systems allows us to deliver even greater value to our customers - improving line efficiency, mitigating labour constraints, and boosting profitability.”
He added the acquisition aligns perfectly with Optel’s mission to empower pharmaceutical manufacturers through innovative, integrated solutions that go beyond compliance.
Venguard was founded in 2018, while Optel was inaugurated in 1989.