Berkshire Grey
Machinery : Industrial Robot : Piece Picking
Reimagine fulfillment in warehouses, distribution centers, and other industrial environments with Berkshire Grey’s intelligent robotic picking and sorting solutions.
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Berkshire Grey Enters into Definitive Merger Agreement with SoftBank Group for Go-Private Transaction
Berkshire Grey, Inc. (Nasdaq: BGRY), today announced that the Company has entered into a definitive merger agreement with SoftBank Group Corp. and its affiliate. Under the agreement, SoftBank will acquire all of the outstanding capital stock of the Company not currently owned by SoftBank for $1.40 per share in an all-cash transaction valued at approximately $375 million. SoftBank, a strategic investment holding company with stakes in AI, smart robotics, IoT, telecommunications, internet services, and clean energy technology providers, has been an investor in Berkshire Grey since 2019.
💪📦 Berkshire Grey and FedEx expand their robotic automation solutions partnership
As part of the expansion of this relationship, Berkshire Grey and FedEx have entered into an agreement for new development activities that will provide broader AI robotic automation capabilities to help improve the safety and efficiency of FedEx package handling operations globally.
Additionally, Berkshire Grey has granted FedEx a warrant to purchase common stock which vests incrementally, subject to certain terms including the ordering of and payment for Berkshire Grey AI-enabled robotic automation goods and services at any time prior to December 31, 2025, with full vesting of all 25 million shares subject to the warrant upon the ordering of or payment for at least $200 million of such goods and services.
Berkshire Grey and Locus Robotics Announce Partnership Offering Industry-First, Cross-Platform Robotic Automation
Berkshire Grey, Inc. (Nasdaq: BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, and Locus Robotics, the leader in Autonomous Mobile Robotics (AMR) for logistics and distribution warehouses, today announced their formal partnership with the unveiling of their combined solution that integrates the Berkshire Grey Robotic Shuttle Put Wall (BG RSPWi) with Locus Origin and Locus Vector bots. This innovative integrated solution deploys end-to-end robotic automation solutions for retail and eCommerce customers looking to maximize their supply chain productivity and throughput while addressing growing labor shortages.