Acquisition

Ocado Group acquires Kindred AI

Online-grocery and warehouse-automation firm Ocado Group agreed to acquire San Francisco / Toronto piece-picking robotics company Kindred Systems (Kindred AI) for approximately $262 million in cash, announced November 2, 2020 (same day it also agreed to buy robotic-arm developer Haddington Dynamics for ~$25 million). The deal closed in Q4 2020.

full acquisition · Completed · $262.0M (reported, approximate) · reported

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Parties

Acquirer: Ocado Group
Acquired: Kindred AI

Timeline

Announced: 2020-11-02

Sources (1)

https://www.cnbc.com/2020/11/02/ocado-acquires-kindred-systems-haddington-dynamics-robotics.html

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