SoftBank, the telecommunications giant which has huge investments in the robotics sector, is to acquire a large stake in AutoStore, a robotics and software company that specialises in automated storage and retrieval systems for warehouses.
SoftBank has entered into a definitive agreement to acquire 40 percent of AutoStore from funds affiliated with Thomas H. Lee Partners and EQT Private Equity, among other shareholders.
THL will continue to be AutoStore’s majority shareholder and THL, SoftBank and EQT will each have representatives on AutoStore’s board of directors. [Read more…] about SoftBank to acquire 40 percent of AutoStore