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Rotterdam Port Fund Acquires Stake in ExRobotics

Image: Rotterdam Port Fund

Laxman Pai

Rotterdam Port Fund has invested in remote inspection robotics company ExRobotics, specialising in robots to operate in high risk environments such as oil and gas facilities.

The Dutch robotics firm manfacturers modular robots that can carry out remote inspections of oil and gas facilities more efficiently and with a lower safety risk than those carried out by humans.

ExRobotics will be working on the further development of this technology in close collaboration with knowledge institutes in the Netherlands and abroad.

The participation of the Rotterdam Port Fund creates new opportunities for ExRobotics to increase its production capacity and accelerate its international expansion - not only expanding the company's financial resources but also giving it access to Rotterdam Port Fund's network.

According to Rotterdam Port Fund, ExRobotics aligns very well with its selected investment profile. "The robots' potential applications in the oil and gas industry touch on themes that we consider particularly important, like safety, maintenance and digitalisation," notes Frans van der Harst of Rotterdam Port Fund. "We are delighted that we are able to support ExRobotics in their ambitions and to help put these robots on the market."

"Rotterdam Port Fund's participation will enable us to sell our robot all over the world," says General Manager Iwan de Waard of ExRobotics.

Rotterdam Port Fund is an independent investment fund that seeks to invest in innovative companies engaged in port-related activities with attractive market prospects. The fund is an initiative of the Port of Rotterdam Authority, NIBC Bank, InnovationQuarter, Royal Doeksen and the Rotterdam entrepreneurs Peter Goedvolk and Luc Braams.

Feb 21, 2019

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