SoftBank to Acquire 40% of AutoStore

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Go back to SoftBank to Acquire 40% of AutoStore

SoftBank to Acquire 40% of AutoStore; Investment Reinforces AutoStore's Global Automation Leadership

April 5, 2021 4:55 PM EDT

NEDRE VATS, Norway, April 5, 2021 /PRNewswire/ -- AutoStore, a leading global robotics and software company, today announced that SoftBank has entered into a definitive agreement to acquire 40% of AutoStore from funds affiliated with Thomas H. Lee Partners, L.P. ("THL") and EQT Private Equity ("EQT"), among other shareholders. THL will continue to be AutoStore's majority shareholder and THL, SoftBank and EQT will each have representatives on AutoStore's Board of Directors.    

AutoStore currently has a global blue-chip customer base with more than 600 installations and 20,000 robots across 35 countries. Its automated storage and retrieval systems, coupled with its proprietary... More