The terms of the new settlement include AutoStore paying £200 million, around $256 million, to Ocado over the next two years.
Both AutoStore and Ocado operate automated storage and retrieval systems (ASRS) that operate on similar principles.
AutoStore has launched Pio, its Product In/Out warehouse automation system, in North America for the first time.
The new taller profile robot enables the storage and retrieval of larger items within the AutoStore grid.
A U.S. ITC judge also rejected AutoStore’s request to ban Ocado, and its partners, from making and selling the products involved and from importing them into the U.S.
AutoStore’s Q3 revenue is up 95% from Q3 last year. So far this year, it’s brought in $234.4 million in revenue.
We got the scoop on the new AMR solutions from Fetch Robotics and recap the week that was in robotics.
This morning’s IPO valued AutoStore at $12.4 billion. This is Norway’s biggest IPO since 2001.
AutoStore, a leading global robotics and software company, today announced that SoftBank has entered into a definitive agreement to acquire 40% of AutoStore from funds affiliated with Thomas H. Lee Partners, L.P. (“THL”) and EQT Private Equity (“EQT”), among other shareholders. THL will continue to be AutoStore’s majority shareholder and THL, SoftBank and EQT will…
The General Services Administration has implemented the first robotic filing and retrieval warehouse for FBI records using AutoStore’s cube technology.
AutoStore alleges its AS/RS system and robots are the foundation on which Ocado’s Smart Platform was built.
Interact Analysis looks at the global market for warehouse automation and identifies the leading integrators in each region.
Reported robotics investments in June 2019 focused on transportation, AI and software, manufacturing, and healthcare.