ZAPI GROUP completed the acquisition of BlueBotics from Forestay Capital.

ZAPI GROUP, a provider of electrification and manufacturer of electronic speed controllers, electric motors, battery chargers, and associated products for electric and hybrid vehicles, completed the acquisition of BlueBotics, a provider of natural navigation for automated guided vehicles and autonomous mobile robots, from Forestay Capital, a private equity firm. Financial terms were not disclosed. "The acquisition of BlueBotics is a key strategic move for ZAPI GROUP as it further strengthens our position in the fast-growing automated vehicle sector. As a supplier of components for automated guided vehicles, it allows us to move up the value chain into vehicle navigation and fleet management while expanding the range of solutions we can offer our combined customer base," Giannino Zanichelli, ZAPI GROUP President.