Denmark's Shape Robotics partners with Romania's NOD for contracts worth 60 mln crowns

The Danish company will sell its own robot, Fable, as well as 3D printers and VR glasses through NOD's widespread distribution network, it said in a press release on Thursday.

As part of the partnership, the first order will be delivered this month, with an estimated value of 7 million crowns.

From this point onwards, the two companies expect orders with similar values three times per year.

"The partnership with NOD is part of our strategy to build a solid distribution and integration network in Romania, so we can scale up even faster. The stronger a network we have, the easier it is for us to get out to the local school, company or institution and implement the technology quickly with high user-friendliness for the teachers and well-documented effect on the students' learning" said Andre Fehrn, CEO of Shape Robotics.

Shape Robotics is a Danish company whose revenue comes primarily from Romania, the U.S., Australia, Poland, Benelux and Denmark. In 2022, the company expanded its growth strategy to include 19 Eastern and Central European countries.

NOD is a Romanian distributor of electronics and IT products, established in 2002. The company owns seven brands and has had 3,200 partners as of now. Last year, NOD booked a turnover of 1.92 billion lei ($411.7 million/392 million euro) and a net profit of 46.2 million lei), data from the finance ministry's website showed. At-end 2021, NOD employed 412 people.

(1 euro=4.9186 lei)