Ocado to acquire Kindred Systems for $262M

Ocado agreed to acquire US-based warehouse robotics provider Kindred Systems for $262 million in cash, providing exits for investors Tencent and GV. Kindred produces AI-powered piece-picking robots for e-commerce fulfillment.

“I am proud to see Kindred Systems and our brilliant team recognised by Ocado as a leader in robotic pick and place manipulation.”globalventuring.com

• 1 source
• globalventuring.comOcado to pick up Kindred in $262m dealNov 3, 2020

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