SoftBank Group Corp. agreed to pay $2.8 billion for a 40% stake in Norwegian warehouse-automation company AutoStore, marking another big bet by the Japanese conglomerate on robot-enabled technology.
AutoStore is controlled by Thomas H. Lee Partners LP, while another private-equity firm, Sweden’s EQT AB, holds a minority stake. The deal values the company at $7.7 billion including debt, the companies said Monday.
The Wall Street Journal reported such a deal was imminent earlier Monday.
Source: WSJ
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