# 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.

- Type: Acquisition
- Announced: 2022-05-23
- Where: United Kingdom
- Value: $11.0M (10.2M EUR)
- Status: announced
- Products: automated frame loading systems, materials handling robotics
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Ocado](https://endata.com/companies/28433.md) (acquirer)
- [Myrmex](https://endata.com/companies/63007.md) (target)

## Sources

- [ocadogroup.com](https://www.ocadogroup.com/newsroom/news/ocado-group-acquires-robotics-start-up-myrmex-inc), 2022-05-23: "Ocado Group is today announcing the proposed acquisition of materials handling robotics start-up Myrmex Inc"

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