# SoftBank to acquire Berkshire Grey for $375 million

Berkshire Grey, a provider of AI-enabled robotic solutions, has entered into a definitive merger agreement with SoftBank Group Corp. SoftBank will acquire all outstanding shares not already owned for $1.40 per share in an all-cash transaction valued at approximately $375 million.

- Type: Acquisition
- Announced: 2023-03-24
- Where: Bedford, Massachusetts, United States
- Value: $375.0M
- Status: announced
- Products: AI-enabled robotic systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [SoftBank Group](https://endata.com/companies/15862.md) (acquirer)
- [Berkshire Grey](https://endata.com/companies/53436.md) (target)

## Sources

- [berkshiregrey.com](https://www.berkshiregrey.com/resources/press-release/berkshire-grey-enters-into-definitive-merger-agreement-with-softbank-group-for-go-private-transaction/), 2023-03-24: "After a thoughtful review of value creation opportunities available to Berkshire Grey, we are pleased to have reached this agreement with SoftBank, which we believe offers significant value to our stockholders."
- [robotics247.com](https://www.robotics247.com/article/berkshire_grey_merging_with_softbank_group_will_go_private), 2023-03-29: "Berkshire Grey Inc. last week announced that it has entered into a definitive merger agreement with SoftBank Group Corp. and its affiliate."

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