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It could be time to add robots to your portfolio

The robots are here, but have you let them into your portfolio yet? This year, more people will be thinking of doing so, some inspired by the role they have played during the pandemic and others by a series of significant deals at the end of 2020.  The automated future is arriving faster than we thought, disrupting business models and working practices.  One indicator of how the process has accelerated has been the sight of robots spraying disinfectants in hospitals and cleaning floors and su...
United States United Kingdom South Korea City Of East Lothian South Korean

City snapshot: Ocado completes $262m Kindred Systems robotics acquisition

Ocado has announced it has completed the deal for US piece picking robotics company Kindred Systems. Ocado announced on 2 November it had agreed a $262m deal for San Francisco and Toronto-based firm that designs, supplies and services piece-picking robots for e-commerce and order fulfilment. Founded in 2014, Kindred Systems has around 90 employees, approximately half of whom are engineers who will join Ocado’s existing technology team. Kindred Systems is expected to have approximately 180 rob...
United Kingdom San Francisco United States Tim Steiner Office Of National Statistics Ocado Solutions

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