# Amazon signs 7-year agreement with Balyo for autonomous forklifts

Amazon entered a seven-year agreement with French robotics company Balyo to purchase autonomous forklifts. If Amazon buys up to €300 million in products, it can acquire up to 29% of Balyo's stock via warrants.

- Type: Contract
- Announced: 2019-01-11
- Where: United States
- Value: $346.0M (300.0M EUR)
- Status: announced
- Products: autonomous forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Amazon](https://endata.com/companies/3952.md) (customer)
- [Balyo](https://endata.com/companies/19378.md) (supplier)

## Sources

- [supplychaindive.com](https://www.supplychaindive.com/news/Amazon-French-robotics-company-balyo-deal/545855/), 2019-01-11: "Amazon is entering into a seven-year agreement with Balyo, a French company that sells autonomous forklifts"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.