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SoftBank Group to acquire 40% stake in AutoStore for $2.8 billion Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ SoftBank Group Corp. will acquire 40% shares of Norwegian robotics and software firm AutoStore AS for $2.8 billion. | AFP-JIJI Kyodo Apr 6, 2021 New York – Norwegian robotics and software firm AutoStore AS said Monday that Japanese investment giant SoftBank Group Corp. will acquire 40% of its shares for $2.8 billion. SoftBank Group will buy AutoStore shares from private equity firm Thomas H. Lee Partners and other shareholders, aiming to close the deal later in the month, the Norwegian company said. ....
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 ....
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 News provided by Share this article Share this article 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 ....