Subscribe Login
Technology

Britain's Ocado To Buy Robotics Start-Up Myrmex

British online supermarket and technology group Ocado has agreed to buy materials handling robotics start-up Myrmex Inc for $10.2 million, it said on Monday.

Ocado acquired a minority stake in Athens-based Myrmex in 2020 and tasked it with developing a system that automates the loading of containers with customer orders onto frames ready for dispatch from Ocado's warehouses.

The 'Automated Frameload' solution it developed is set to go live in Ocado's warehouses later this year.

Tt is part of a suite of innovations, also including lightweight robots and hi-tech van routing systems, that Ocado unveiled in January.

Ocado said Myrmex's technology also has potential applications for store locations, specifically for automating the grocery order pick-up process.

Hi-Tec

From lightweight robots to hi-tech van routing systems, the online supermarket Ocado unveiled a suite of innovations on 27 January, it predicted would raise its returns and win new customers for its technology.

Ocado has already struck deals to provide its technology to supermarket groups in eight countries, including Kroger in the United States, Aeon in Japan, Casino in France and Coles in Australia, driving its market value to £10.7 billion ($14.5 billion).

The latest innovations include a robot that is 80% lighter than its predecessor and described by the company as "the world's lightest and most efficient grocery fulfilment bot," plus lighter warehouse grids for the bots to run on.

Read More: Ocado Strikes Tech Deal With Auchan Poland

News by Reuters additional reporting and edited by Donna Ahern, Checkout. For more technology news click here. Click subscribe to sign up for the Checkout print edition.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Enjoy full access to Checkout Magazine, our weekly email news digest, access to all website and app content, and the latest digital magazine for a full 30 days.
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Enjoy full access to Checkout Magazine, our weekly email news digest, access to all website and app content, and the latest digital magazine for a full 30 days.
Enjoy unlimited digital access for 30 days