Ocado has agreed to purchase robotics technology startup Myrmex in a move intended to improve order-handling efficiency at automated fulfillment centers developed by the U.K.-based grocery e-commerce company, the companies announced in a press release Monday.
Ocado, which has held an unspecified minority stake in Myrmex since late 2020, plans to pay approximately 10.2 million euros ($10.9 million) to take full control of the firm. The transaction is expected to close by June 6.
Technology developed by Myrmex is playing a central role as Ocado looks to enhance the robot-driven order-handling systems it provides to Kroger and other grocers.
Source: Grocery Dive
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 