BOA CONCEPT

About BOA CONCEPT

BOA CONCEPT SA (ALBOA), a publicly-traded firm on the Euronext Growth Paris market, operates as a specialized manufacturer in the intralogistics sector. Founded in April 2012 in Saint-Étienne, France, by Jean-Lucien Rascle and Chantal Ledoux, the company addresses the warehouse automation needs of the e-commerce, retail, industrial, and third-party logistics (3PL) sectors. The founders brought extensive experience to the venture; Rascle previously held leadership roles at SAVOYE and managed software companies, while Ledoux has a background as a managing director and vice-president of sales in the logistics technology industry. Both founders are graduates of the École des Mines de Saint-Étienne.

The company's business model is centered on designing and manufacturing intelligent, modular, and scalable conveyor and storage systems. This approach, based on the Internet of Things (IoT) with on-board intelligence in each component, allows for flexible and reconfigurable warehouse setups without significant downtime. Revenue is generated through the sale of these systems, which include the flagship "Plug-and-Carry" modular conveyors for light and heavy loads, the "Plug-and-Store" automated shuttle storage system, and the "Plug-and-Pick" picking robot. The solutions are designed to be cost-effective for a range of clients, from SMEs to large corporations, by allowing investment to be proportional to current needs with the ability to scale. Clients include major logistics providers like GEODIS and Katoen Natie.

BOA CONCEPT's product suite offers a comprehensive approach to warehouse automation. The "Plug-and-Carry" system provides modular conveying solutions, while the "Plug-and-Store" system uses autonomous and interchangeable shuttle robots to increase storage density and ensure business continuity. These hardware solutions are managed by an intuitive software platform that integrates with client ERP and WMS systems, enabling real-time flow control and decision-making. A key selling point is the reusability and adaptability of its components, which supports a sustainable investment and aligns with the company's CSR policy. The firm has expanded its technological capabilities through the 2022 acquisition of Roboptic, a robotics and AI specialist, and has grown its international presence with the acquisition of Easy Systems in Belgium and the establishment of a subsidiary in Canada in 2024.