Balyo

Amazon could build a stake of almost a third in warehouse robotics firm Balyo over the next seven years, as part of a deal that includes adopting Balyo's technology for self-driving forklifts.

Amazon entered a seven-year agreement with French robotics company Balyo to purchase autonomous forklifts. If Amazon buys up to €300 million in products, it can acquire up to 29% of Balyo's stock via warrants.

Amazon took a minority stake in Balyo, a provider of technology for self-driving forklifts. Amazon will receive free stock warrants representing up to 29% of Balyo's capital, exercisable depending on orders of Balyo's products.

Amazon has signed a deal with French robotics firm Balyo, receiving stock warrants representing up to 29% of Balyo's capital, exercisable based on orders of Balyo's products up to EUR 300 million.

Balyo signed a 10-year partnership agreement with Hyster-Yale Group, renewing their contract for robotic lift trucks, coinciding with the European market launch of Hyster-Yale Driven by Balyo robotic lift trucks.