Amazon to invest in French firm’s technology for self-driving forklifts
(Reuters) – Amazon (AMZN.O) could build a stake of almost a third in warehouse robotics firm Balyo (BALYO.PA) in the next seven years, as part of a deal that could boost sales of the French company’s technology for self-driving forklift trucks.
Warehouse automation is a key element in efforts by Amazon to cut costs and speed up deliveries. The world’s biggest online retailer currently uses robots developed by Kiva Systems, a company it bought for $775 million in 2012.
“This agreement … represents an unprecedented opportunity for Balyo to grow its business and supports the soundness of our investments over the years to perfect our robotic solutions,” Balyo Chief Executive Fabien Bardinet said on Thursday. …
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