Demand for Robotic Automation Drives Growth
Greenville, Wis. (June 13, 2019) - QComp Technologies, a robotic systems integrator, is beginning a 10,000-square-foot addition to its production facility in Greenville, Wis. The expansion, which is scheduled for completion this fall, is in response to an increase in demand for its robotic automation systems in the United States and Canada from new and existing clients.
To meet current and future demand, QComp is continuing to add automation and applications engineers and electrical and installation technicians. QComp is a 100% employee owned ESOP company and currently has 40 team members.
QComp provides robotic packaging systems, material handling systems and automation line integration to clients in the food, glass, solar, consumer products, pharmaceutical, plastics, paper and metals industries.
"As the labor shortage continues, more companies are investing in robotic automation to meet their ‘hands-on' assembly, production and packaging needs," says Mark Wild, executive vice president, OwnersEdge Inc. "Over the years, we've established a reputation as a leader that delivers robust, custom-engineered automation solutions to our clients."
In May 2018, QComp joined OwnersEdge Inc., an ESOP holding company based in Waukesha, Wis., that has five affiliate businesses - Baycom Inc., CC&N, QComp Technologies, Rhino Communication Rentals and TourGuide Solutions. As an OwnersEdge business and under the guidance of Wild, QComp has implemented a strategic planning process to drive growth.
OwnersEdge Inc. was formed in January 2015 as an ESOP holding company. Each of its portfolio companies are 100% employee owned. An Employee Stock Ownership Plan (ESOP) is an ownership model in which company employees have partial or full ownership of the value of the company, collectively. The benefits of ownership are typically considered part of a wealth development and/or retirement benefit strategy for employees. Each year, the value of the stock is established and reflected in employees' accounts.