Footway Acquires Eskilstuna AutoStore Facility, Cuts Costs

Footway OaaS AB has completed the full acquisition of its highly automated AutoStore facility in Eskilstuna, Sweden. This strategic move solidifies the company's e-commerce logistics hub and transitions Footway from a leasing arrangement to complete ownership of the 48,000-square-meter facility. The acquisition is expected to significantly reduce costs and enhance long-term operational control. The Eskilstuna warehouse is a central component of Footway's logistics network, serving all e-commerce clients. It features an advanced AutoStore system where robots operate around the clock to retrieve products, facilitating a continuous workflow from bin retrieval to sorting, packing, and returns management. Footway's business model relies on this shared infrastructure, enabling multiple e-retailers to utilize the same logistics technology at prices considerably lower than those of traditional third-party logistics providers, while still upholding high service standards. Daniel Mühlbach, CEO of Footway, highlighted the facility as the "heart" of the company's logistics operations, emphasizing that ownership will lead to cost reductions and improved customer conditions. He also stressed the shared infrastructure as a key strength that supports competitive pricing and affirmed the acquisition's significance for the platform's long-term competitive advantage. This acquisition is supported by Footway's strengthened financial position, following a recent capital injection of 100 MSEK. This funding comprises 90 MSEK from a new share issue and 10 MSEK secured through loans.