The RUTRONIK Elektronische Bauelemente GmbH ("RUTRONIK"), Ispringen, one of Europe's leading broadline distributors of electronic components, has acquired a 30 percent stake in collective mind GmbH („collective mind“), Leonberg. NETWORK exclusively advised RUTRONIK on the transaction.

Transaction

To ensure the development of efficient AI applications for customers, RUTRONIK has acquired a 30 per cent stake in the AI specialist collective mind, which has been focusing on the field of machine vision since 2018. In this field, collective mind is the first company in Germany to have developed a certified security system based on camera-based object and process recognition. The investment will enable RUTRONIK to combine its strengths in logistics, consulting and hardware expertise in electronic components with collective mind's AI-based image recognition processes. The focus here is on the application and international implementation of AI processes in logistics and warehouse management.

Companies

RUTRONIK, founded in 1973, is a leading global distributor of electronic components. As an independent family-owned company, RUTRONIK focuses on high-growth future markets such as Future Mobility, Industry 4.0 and Automation and has stood for sustainable growth and innovation for over five decades.