◂ Announcements

May 23, 2022ACQUISITIONUnited Kingdom

Ocado Group acquires robotics startup Myrmex for €10.2M

Ocado Group announced the proposed acquisition of materials handling robotics startup Myrmex Inc for approximately €10.2 million to accelerate development of automated frame loading systems for the Ocado Smart Platform.

Value

$11.0M (10.2M EUR)

Status

Announced

Productsautomated frame loading systemsmaterials handling robotics

CompaniesOcado acquirer Myrmex target

Sectors#Automation and Robotics #Material Handling

“Ocado Group is today announcing the proposed acquisition of materials handling robotics start-up Myrmex Inc”ocadogroup.com

1 source
ocadogroup.comOcado Group acquires robotics start-up Myrmex Inc.May 23, 2022

Summarized from public sources; check the original articles before acting on it.

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