Ocado Group will invest £10 million in Oxbotica Ltd.

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,…

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…