# Amazon signs commercial agreement with Balyo for warehouse robotics

Amazon has signed a seven-year commercial agreement with Balyo, a French developer of robotic solutions for material handling trucks. Under the agreement, Amazon can subscribe up to 29% of Balyo's capital based on potential future orders up to €300 million.

- Type: Partnership
- Announced: 2020-01-30
- Where: France
- Value: $330.0M (300.0M EUR)
- Status: announced
- Products: self-driving forklift trucks, robotic solutions for material handling
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

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

## Sources

- [roboticsandautomationmagazine.co.uk](https://www.roboticsandautomationmagazine.co.uk/news/retail/amazon-to-invest-in-warehouse-robotics-company.html), 2020-01-30: "This agreement represents an unprecedented opportunity for Balyo to grow its business and supports the soundness of our investments over the years to perfect our robotic solutions."

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