LONDON: Ocado Group plc has commercially partnered with Oxbotica Ltd., headquartered in Oxford. Ocado will invest £10m in Oxbotica as part of Oxbotica’s latest Series B equity funding round. The round was led by bp ventures, and included other strategic and financial investors in the U.S., the U.K., China and Australia, such as Tencent, Halma,…
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Ocado acquires Kindred Systems and Haddington Dynamics to enhance its robotic manipulation capabilities
LONDON: Ocado Group plc announced proposed acquisition of Kindred Systems Inc. for consideration of approximately US$262 million; and Haddington Dynamics Inc. for approximately US$25 million, a company announcement said. Tim Steiner, CEO of Ocado, commented: “We consider the opportunities for robotic manipulation solutions to be significant, both for Ocado Smart Platform clients and across the…