From ZD Net:
SoftBank claims AutoStore is making possible advances in logistics for companies around the world.
Japanese investment firm The SoftBank Group this afternoon announced it will spend $2.8 billion to buy a 40% stake in robotics company AutoStore System, which specializes in robotics for warehouses.
The company develops a line of robots, including the "R5," a member of its Red Line series, for moving bins full of goods around a warehouse.
Its software offerings, such as AutoStore's "The Router," optimize the movement of robotics systems around a warehouse.
SoftBank claims AutoStore can "redefine space," for "a range of markets as diverse as e-commerce, grocery, industrial, and healthcare in any warehouse, retail location or other facility."
AutoStore System is a subsidiary of Autostore AS, a Norwegian firm founded in 1996.
SoftBank is buying the stake from existing stakeholders, private equity funds Thomas H. Lee Partners, L.P. and EQT Private Equity....
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