Robotics & Automation News

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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

Why Include Cryptocurrencies in Your Investment Portfolio?

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Without question, the value of digital currencies has increased significantly. The cryptocurrency market has expanded thanks to bitcoin and Ethereum’s (ETH) remarkable surge.

The emergence of decentralized financial and non-fungible tokens is only one of the numerous unique blockchain trading commodities, notably initial coin offers (ICOs).

Numerous virtual currency supporters believe that these activities could lead to the emergence of a rising generation of billionaires who will use cryptocurrencies (or billionaires). [Read more…] about Why Include Cryptocurrencies in Your Investment Portfolio?

Merits and demerits of investing in the crypto world

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Whenever there is a debate about cryptocurrencies, no one will forget the name Bitcoin. However, Bitcoin is no different from any other risky investment that you will find in the market.

We do not know about cryptocurrencies yet, but we are still inclined to put a lot of money into them at http://thecryptopunks.com/.

What could be the possible disadvantages? Well, come on, the cryptocurrency world is quite cute, and therefore, there will be a possible negative aspect. [Read more…] about Merits and demerits of investing in the crypto world

How Important is an Accounting System for an E-Commerce Business

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Accounts and E-commerce

The accounts branch is the most important department of a business. It is not the mere record of the transaction, profit, and loss or record of the money but it also helps to analyze the performance of a business.

An effective accounting system enables the owners and managers to take timely decisions that can be fruitful for the better performance of the business.

The E-commerce system is the fastest emerging business technique in the world of information and communication technology. [Read more…] about How Important is an Accounting System for an E-Commerce Business

Sarcos Technology and Robotics Corporation to acquire RE2

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Sarcos Technology and Robotics Corporation has reached a definitive merger agreement to acquire Pittsburgh-based RE2, a developer of autonomous and teleoperated mobile robotic systems for use in the aviation, construction, defense, energy and medical industries.

This transaction brings together two leading commercial robotics teams focused on industrial robotic technologies that improve worker safety and productivity.

Consideration for the transaction is $100 million, consisting of $30 million in cash, which Sarcos expects to fund with cash on hand, and $70 million of Sarcos common stock. [Read more…] about Sarcos Technology and Robotics Corporation to acquire RE2

AMD given approval to acquire Xilinx

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Semiconductor giant AMD says it has received approval from “all necessary authorities” to proceed with the acquisition of Xilinx, a chip maker which specialises in the industrial sector.

With the exception of the remaining customary closing conditions, all conditions to the transaction closing have been satisfied and the company expects the transaction to close on or about February 14, 2022.

AMD announced its intention to acquire Xilinx in an all-stock transaction on October 27, 2020. [Read more…] about AMD given approval to acquire Xilinx

Nauticus Robotics valued at more than $500 million as it becomes publicly traded company via merger with CleanTech

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Nauticus Robotics, a Houston-based developer of cloud-based surface and subsea robots, software, and associated services, and CleanTech Acquisition, a publicly traded special purpose acquisition company, have entered into a definitive business combination agreement that will result in Nauticus becoming a publicly listed company.

Upon closing of the transaction, CleanTech Acquisition (CLAQ) will be renamed Nauticus Robotics and is expected to remain listed on Nasdaq under the new ticker symbol “KITT”. Nauticus is being valued at more than $500 million.

Nauticus develops revolutionary cloud-based autonomy software to enable a smarter and more sustainable ocean industry using its fleet of autonomous robots from the surface to the seabed. [Read more…] about Nauticus Robotics valued at more than $500 million as it becomes publicly traded company via merger with CleanTech

Toyota to acquire Lyft’s self-driving car division

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Lyft has signed an agreement with Woven Planet, a subsidiary of Toyota Motor Corporation, for the acquisition of Lyft’s self-driving vehicle division, which is named “Level 5” in reference to the SAE’s definitions of levels of autonomous vehicles.

The transaction also includes multi-year non-exclusive commercial agreements between Lyft and Woven Planet to accelerate the development and enhance the safety of automated driving technology.

Logan Green, Lyft co-founder and CEO says: “Today’s announcement launches Lyft into the next phase of an incredible journey to bring our mission to life. [Read more…] about Toyota to acquire Lyft’s self-driving car division

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