# 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.

- Type: Acquisition
- Announced: 2020-11-03
- Where: United States
- Value: $262.0M
- Status: announced
- Products: AI-powered piece-picking robots
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Ocado](https://endata.com/companies/28433.md) (acquirer)
- [Tencent](https://endata.com/companies/34218.md) (investor)
- [Kindred Systems](https://endata.com/companies/50941.md) (target)
- [GV](https://endata.com/companies/50942.md) (investor)

## Sources

- [globalventuring.com](https://globalventuring.com/blog/2020/11/03/ocado-to-pick-up-kindred-in-262m-deal/), 2020-11-03: "I am proud to see Kindred Systems and our brilliant team recognised by Ocado as a leader in robotic pick and place manipulation."

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