Ocado buys two US robotics companies as pandemic fuels online shopping
The British online supermarket upgrades its full year earnings outlook
02 November 2020 - 21:18
London — British online supermarket and technology group Ocado said on Monday it would buy two robotics companies for $287m and upgraded its full year earnings outlook on the back of strong trading at its retail joint venture with Marks & Spencer.
Ocado said it was buying Kindred Systems, an advanced piece-picking robotics company, for about $262m and Haddington Dynamics, a robotic-arm designer and manufacturer, for about $25m...
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