SoftBank to Acquire 40% of AutoStore; Investment Reinforces AutoStore s Global Automation Leadership
- SoftBank to acquire 40% of AutoStore for $2.8 billion, valuing AutoStore at a $7.7 billion enterprise value
- SoftBank accelerates AutoStore s global expansion, with particular emphasis on the Asia Pacific region, and complements leading automation investor base
- Thomas H. Lee Partners, L.P. continues to be AutoStore s majority shareholder
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NEDRE VATS, Norway, April 5, 2021 /PRNewswire/ 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 each have representatives on AutoStore s Board of Directors.