Ocado paid roughly 2.8% of what Shopify paid when it acquired 6 River Systems just four years ago.
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.
The deal will enable Lotte to deploy Ocado automated storage and retrieval solution in Korea, to help automate fulfillment workflows for the company.
Myrmex acquisition could enable faster rollout of AFL across Ocado Group’s global CFC footprint, as well as open up new opportunities for the development of bespoke automation solutions for the Ocado Smart Platform.
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.
While investment in robotics and automation continued apace in November 2020, the total amount was about half of what it was in the same month a year ago.
Ocado, a leading British online supermarket, has acquired two U.S.-based robotics companies for $287 million in hopes of making its warehouses more efficient. Ocado purchased San Francisco-based Kindred Systems, which specializes in robotic piece-picking, for about $262 million and Las Vegas-based Haddington Dynamics, a developer of low-cost robotic arms, for about $25 million. The acquisitions…
AutoStore alleges its AS/RS system and robots are the foundation on which Ocado’s Smart Platform was built.
The SecondHands consortium said it has completed development of the ARMAR-6 humanoid robot, which includes advances in machine learning, natural language processing, and robotic manipulation.
Online grocer Ocado, robotic satellite tender firm MDA, and autonomous shuttle startup May Mobility raised the most money in December 2019.