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Berkshire Grey confirms acquisition interest from SoftBank

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Berkshire Grey, a provider of AI-enabled robotic solutions that automate supply chain processes, has confirmed that it has received a non-binding indication of interest from SoftBank Group to acquire all of the outstanding capital stock of the company for $1.30 per share in cash.

Given that Berkshire Grey has more than 230 million shares outstanding, that would make the offer worth approximately $300 million. Bloomberg, meanwhile, says he deal would be worth $218 million.

The terms of any potential agreement between Berkshire Grey and SoftBank would be contingent on certain conditions, including completion of due diligence review and negotiation of definitive transaction documents. [Read more…] about Berkshire Grey confirms acquisition interest from SoftBank

Berkshire Grey and FedEx expand their robotic automation solutions partnership

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Berkshire Grey, a provider of AI-enabled robotic solutions that automate supply chain processes, and logistics giant FedEx have expanded their strategic relationship.

As part of the expansion of this relationship, Berkshire Grey and FedEx have entered into an agreement for new development activities that will provide broader AI robotic automation capabilities to help improve the safety and efficiency of FedEx package handling operations globally.

The two companies also expect to execute a master system purchase agreement in 2022, which will streamline and expedite the procurement process for Berkshire Grey solutions across all FedEx operating companies globally. [Read more…] about Berkshire Grey and FedEx expand their robotic automation solutions partnership

Berkshire Grey and Locus Robotics combine to offer ‘industry-first’ cross-platform robotic automation

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Berkshire Grey, a provider of robotic solutions that automate supply chain processes, and Locus Robotics, a builder of autonomous mobile robotics for logistics and distribution warehouses, have agreed a partnership with the unveiling of their combined solution that integrates the Berkshire Grey Robotic Shuttle Put Wall (BG RSPWi) with Locus Origin and Locus Vector bots.

This “innovative integrated solution” uses end-to-end robotic automation solutions for retail and e-commerce customers looking to maximize their supply chain productivity and throughput while addressing growing labor shortages.

Ongoing labor availability and inflation challenges continue to put growing pressures on supply chain and distribution frameworks. [Read more…] about Berkshire Grey and Locus Robotics combine to offer ‘industry-first’ cross-platform robotic automation

2023 Predictions & Forecasts: Berkshire Grey expects RaaS to get bigger

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Insights from Chris Geyer, VP at Berkshire Grey

Since Berkshire Grey designs and deploys AI and robotics technology to Fortune100 customers like FedEx, Target and Walmart, they have an expansive view of what’s happening across retail, e-commerce, grocery, package handling and logistics industries.

Chris Geyer, vice president at Berkshire Grey, works closely with these customers on product development and implementation and is well-equipped to see what the new year has in store. [Read more…] about 2023 Predictions & Forecasts: Berkshire Grey expects RaaS to get bigger

ABB joins Berkshire Grey’s tech alliance program to deliver AI-enabled robotic solutions

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Berkshire Grey, a developer of AI-enabled robotic solutions that automate supply chain processes, says that industrial giant ABB has joined Berkshire Grey’s Technology Alliance Program to provide more customers with AI-enabled robotic solutions that improve e-commerce fulfillment throughput and warehouse efficiency while driving down operational costs.

The companies say ABB’s expertise in providing automation solutions to global e-commerce merchants, retailers, and third-party logistics complements Berkshire Grey’s extensive portfolio of AI-enabled robotic automation solutions for eCommerce fulfillment, store replenishment, back-of-store order collection, and package handling.

Berkshire Grey has extensive experience in incorporating ABB robotic technology into enterprise-scale automation solutions in production environments. [Read more…] about ABB joins Berkshire Grey’s tech alliance program to deliver AI-enabled robotic solutions

Berkshire Grey launches new mobile robotic platform

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Berkshire Grey, a developer of robotic solutions for supply chain processes, has launched its next generation mobile robotic platform, BG Flex.

The platform includes dynamically controlled fleets of Berkshire Grey’s industrial grade mobile robots that work together to induct, transport, sort, sequence, and fulfill items, cases, and containers of merchandise.

The solution is now integrated with new high density buffering capabilities and enhanced goods-to-person and goods-to-robot picking stations in a single, modular package. [Read more…] about Berkshire Grey launches new mobile robotic platform

Swisslog and Berkshire Grey partner to develop robotic solutions to warehouse operations

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Berkshire Grey, a developer of AI-enabled robotic solutions and Swisslog, a provider of data-driven robotics solutions, have agreed a partnership to provide robotic solutions to help grocery or e-grocery, e-commerce and retail customers meet the demands of today’s connected consumers while managing widespread labor shortages.

The partnership will initially focus on the American market.

Together, Swisslog and Berkshire Grey are providing, innovative, AI-enabled robotics solutions to global enterprises seeking to master the challenge of real time order fulfillment through automation. [Read more…] about Swisslog and Berkshire Grey partner to develop robotic solutions to warehouse operations

Berkshire Grey launches new robotic system for autonomous e-commerce autobagging

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Berkshire Grey, a developer of in AI-enabled robotic solutions that automate supply chain processes, has introduced its new Robotic Pick and Pack with Identification (BG RPPi) system, which now includes advanced auto-identification and item manipulation technology, for touchless eCommerce autobagging.

Using Berkshire Grey’s advanced AI-enabled robotic technology, this system combines automated picking with intelligent placement for packing eCommerce items directly into autobagging equipment, thereby increasing throughput capacity without adding additional labor.

Kishore Boyalakuntla, VP of Product at Berkshire Grey, says: “Berkshire Grey’s Robotic Pick and Pack with Identification (BG RPPi) system for autobagging is the newest addition to our innovative portfolio of eCommerce solutions. [Read more…] about Berkshire Grey launches new robotic system for autonomous e-commerce autobagging

Berkshire Grey launches ‘reverse logistics’ solution to deal with e-commerce goods returns

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Berkshire Grey, a warehouse robotic solutions company, has introduced its “Reverse Logistics solution” to help retailers accelerate the resale of returned goods and improve labor utilization in the returns process.

Projections indicate that by the end of January, consumers will return approximately $120 billion of goods following the holiday season, creating a significant inventory and cost challenge for retail.

By implementing Berkshire Grey’s Reverse Logistics solution for returns processing, e-commerce providers and retailers can reduce the time to recirculate returned items back onto the shelf and optimize labor productivity, ultimately improving profitability. [Read more…] about Berkshire Grey launches ‘reverse logistics’ solution to deal with e-commerce goods returns

Berkshire Grey unveils robotic pick and pack solutions for e-commerce fulfillment

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Berkshire Grey has launched a range of Robotic Pick and Pack solutions for e-commerce fulfillment.

Berkshire Grey RPP solutions automate picking and packing of items directly from inventory totes to outbound customer shipping packages.

This solution improves operational efficiency for fulfillment centers, reduces shipping costs and lowers the environmental impact of eCommerce orders. [Read more…] about Berkshire Grey unveils robotic pick and pack solutions for e-commerce fulfillment