Ocado buys two US robotics companies: Page 2 of 3

November 03, 2020 // By Nick Flaherty
Ocada buys two US robotics companies
Technology developer Ocado has acquired Kindred Systems and Haddington Dynamics for $287m (E245m) to enhance its robotic picking capabilities

teleoperation remote assistance and engineering services to ensure that the robot continues to operate at a high pick rate with limited downtime. 

“We have achieved very strong growth with our retail e-commerce fulfilment customers over the last three years, and the unique challenges presented in grocery fulfilment will bring an even richer learning environment, further expanding on both our technology and market solutions set,” said Tchakarov.

The company expects to have approximately 180 robots installed and operating by the end of the year. Ocado is retaining around $4m for certain employee shareholders of Kindred Systems in equal tranches on the first, second and third anniversaries of the deal.

Haddington Dynamics uses 3D printing for robotic picking arms and has supplied US space agency NASA and plastics supplier DuPont.

The Ocado Group has secured intellectual property and has appointed Myrmex in Greece to design and develop a bespoke product. Ocado Group took a minority stake in Series B funding and a seat on the board with the option to participate in future finance rounds.

The materials handling robotics start-up with autonomous mobile robots and intelligent asset handling systems for the last mile of click-and-collect deliveries and has so far raised E3.4m.

“With over 20 years of experience in transforming online grocery through cutting-edge technology and automation, Ocado Group is widely recognised as the leader in this space. The company’s investment is testament to Myrmex’s robotics and automation capabilities and will enable us to accelerate the commercialization of our product portfolio,” said George Katiniotis, Chief Executive Officer of Myrmex.

“We’ve been impressed with Myrmex’s capabilities and are excited about the potential synergies with our existing business. As the shift to online grocery accelerates, we are moving even faster in adding automation to our end-to-end offering. Myrmex can play a part in that journey,” said Alex Harvey, Engineering Director for OSP Handling Robotics at Ocado Technology.

www.ocadogroup.com

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