# Ocado Group acquires Kindred AI: acquisition

Canonical ID: `5b99b066-c6de-4e98-a347-0a61d674b830`

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.

- **Structure:** full acquisition
- **Status:** completed
- **Valuation:** $262.0M (reported, approximate)
- **Verification posture:** reported

## Parties

- **Acquirer:** [Ocado Group](https://registry.deploy.report/companies/ocado-group.md)
- **Acquired:** [Kindred AI](https://registry.deploy.report/companies/kindred-ai.md)

## Timeline

- **Announced:** 2020-11-02

## Sources (1)

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


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