Ocado buys two US robotics companies as pandemic fuels online shopping

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Ocado CEO Tim Steiner said the acquisitions will allow the company to ‘accelerate delivery, innovate more and grow faster’

James Davey

Ocado said it was buying Kindred Systems, an advanced piece-picking robotics company, for about $262m and Haddington Dynamics, a robotic-arm designer and manufacturer, for about $25m. They also provide an opportunity for Ocado to enter new markets for robotic solutions outside grocery

 

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