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SoftBank to take 40% stake in warehouse robotics firm AutoStore for $2.8 billion
SoftBank Group Corp has agreed to buy a 40% stake in AutoStore for $2.8 billion, the Norway-based robotics firm said.Reuters | Updated: Apr 6, 2021, 02:58PM IST
SoftBank Group Corp has agreed to buy a 40% stake in AutoStore for $2.8 billion, the Norway-based robotics firm said, in yet another big investment by the conglomerate in warehouse automation technology that optimizes e-commerce operations. The Japanese company will acquire the stake from funds affiliated with AutoStore s majority shareholder Thomas H. Lee (THL) Partners and other investors including EQT Private Equity, valuing the firm at $7.7 billion. Founded in 1996, AutoStore has 20,000 robots deployed across 35 countries and counts Puma, Best Buy and Siemens among its customers. The company also touts a design method that allows customers to store four times the inventory in the same space in a warehouse. Such technology enables e-comm
are unclear. michael phelps appearing on capitol hill today. he s testifying before a congressional committee that is looking into ways to improve the international anti-doping system. phelps telling lawmakers he doesn t believe he s always been in competitions in which all of the athletes were clean. and how about this one, google owned robotics firm unveiling it s newest creation. you ve got to see this video to believe it. it s name is handle. boston dynamic says this hybrid research robot is six and a half feet tall, travels nine miles an hour, it can jump four feet into the air. companies says it s wheels are efficient on flat surfaces, it s legs can take it almost anywhere. i am afraid that thing is going to rule all of us some day. but for right now, it s kind of cute. ny back to the top story now. president trump heads to capitol hill tonight, he will deliver his first address to a joint session of congress. it is not just about what will be in this speech, it s also about