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Softbank to buy US$2.8bil stake in Norway robotics firm thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
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 invests $2.8 billion in Norwegian robotics firm AutoStore PUBLISHED BY Japanese investment giant SoftBank Group has struck a $2.8 billion deal for a 40 percent stake in Norwegian warehouse automation company AutoStore, in the latest round of long-term bets in e-Commerce and robotics. The news was first reported by The Wall Street Journal on Monday and later confirmed by AutoStore in an update on its website. The Japanese group behind the world’s largest technology fund announced on Monday that will buy the stake from U.S. buyout group Thomas H Lee Partners and Sweden’s EQT in a deal worth $7.7 billion. ....
The deal values AutoStore, which was incorporated in 1996, at $7.7 billion. SoftBank, which has made a string of investments into e-commerce and robotics over the last few years, is buying the stake from U.S. private equity group Thomas H Lee Partners and Swedish venture capital firm EQT. We view AutoStore as a foundational technology that enables rapid and cost-effective logistics for companies around the globe, said SoftBank CEO and founder Masayoshi Son in a statement. He added: We look forward to working with AutoStore to aggressively expand across end markets and geographies. Founded by Ingvar Hognaland and headquartered in a village near Bergen called Nedre Vats, AutoStore has developed what it calls cube storage automation, which enables robots to maximize storage space in warehouses. ....
Softbank to buy $2.8 billion stake in Norway robotics firm indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.