Fetch Robotics to sell in $300m+ valuation
ZEBRA TECHNOLOGIES has announced it intends to acquire Fetch Robotics.
Fetch’s Autonomous Mobile Robots (AMRs) are used for optimised picking in fulfillment centres and distribution centres, just-in-time material delivery in manufacturing facilities and automating manual material movement in any facility.
Zebra’s focus on robotics automation combines workflow solutions for human workers, including current Zebra offerings such as FulfillmentEdge and SmartSight with Fetch Robotics’ solutions.
Zebra expects to fund the $290 million purchase price – for the 95% of the business it does not already own – with cash on hand. The transaction is subject to customary closing conditions, including regulatory approval, and is expected to close in the third quarter of 2021.
Zebra Technologies CEO Anders Gustafsson said: “The acquisition of Fetch Robotics will accelerate our Enterprise Asset Intelligence vision and growth in intelligent industrial automation by embracing new modes of empowering workflows and helping our customers operate more efficiently in increasingly automated, data-powered environments. This move will also extend our ongoing commitment to optimise the supply chain from the point of production to the point of consumption.”
