Vertex Industries — Annual Report · 2025 09 / 15
R&D & Innovation
CHF 192 million, invested like a product company
Vertex Industries invested CHF 192 million in research and development in 2025 — 15% of revenue — across six development centres: Zug, Winterthur and Lisbon, complemented by Munich, Singapore and Cleveland. The portfolio is reviewed twice a year; every project is scored on demonstrable customer value and gross-margin contribution, and roughly 60% of the spend now goes into software.
One rule allows no exception: nothing ships that the fleet software cannot update remotely. It is what turns every product sold into an asset that improves over time — and the installed base into the primary distribution channel for new capability, Neura first among it.
R&D investment 2021–2025
Research and development expenditure, in CHF millions — between 15 and 17% of revenue in every year of the period.
Innovation in numbers
Inside the R&D programme
Winterthur: a campus for robots — and the people who teach them
Opened in September 2025 after a CHF 60 million build-out, the Winterthur robotics campus brings development, testing and pilot production onto one floor. Its heart is a 2,000 m² test hall where customer lines are rebuilt one-to-one before every rollout.
The campus also houses the Kestrel Robotics development team, integrated in October 2025: it now shares one code base and one test floor with the group’s own engineers — the shortest distance between a warehouse idea and a cell in service.