Robotics & Automation News

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Lab0 hires directors from Amazon Robotics and U-Haul

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Lab0, a robotics and automation company, has appointed Jim Grogan and Kelly Riedel to its board of directors.

With deep expertise in corporate governance, automation, and logistics, these industry veterans will help guide Lab0’s strategic direction as it scales innovation in AI-driven warehouse automation and autonomous logistics.

Lab0 has established its board of directors to guide its next phase of growth and innovation in robotics automation. [Read more…] about Lab0 hires directors from Amazon Robotics and U-Haul

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 valued at $2.7 billion after merger with Revolution Acceleration

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Berkshire Grey, a developer of integrated artificial intelligence and robotic solutions for e-commerce, retail replenishment, and logistics, has entered into a definitive agreement with Revolution Acceleration Acquisition, a special purpose acquisition company, to create a leading publicly listed robotics and automation solutions company with a post-transaction equity value of up to $2.7 billion.

Founded in 2013 by the current chief executive officer, Tom Wagner, PhD, the former chief technology officer at iRobot, BG is a pure-play robotics company offering fully integrated, AI-based software and hardware solutions to automate business operations in warehouses and logistics fulfillment centers.

The company’s solutions help retailers and logistics companies meet the exponential growth of e-commerce and ever-increasing consumer demands. BG’s management, engineering, and commercial teams each have extensive robotics expertise and deep industry experience. [Read more…] about Berkshire Grey valued at $2.7 billion after merger with Revolution Acceleration

Gerald Vogt appointed new CEO of Stäubli Group

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Stäubli is starting the new year with a new chief executive officer – and it’s someone this website has interviewed before. (See video below.)

Gerald Vogt, previously responsible for the global business of the Robotics Division, will take over as CEO from retiring Rolf Strebel on January 1, 2021.

With Gerald Vogt, an experienced manager from within the company’s own ranks will take over the management of the diversified and growing family-owned company. [Read more…] about Gerald Vogt appointed new CEO of Stäubli Group