Announced
Financials
Sources
Tags
Single Bidder
robotics
Minority
Friendly
Private
Cross Border
Pending
Tender Offer
Production Technology Equipment
France
Machinery: Industrial
Acquisition
Synopsis
SoftBank Group agreed to acquire a 41.8% stake in Balyo, a robotics company, for $13m. Through its portfolio of automated robotic forklift technologies, Balyo is complementary to SoftBank’s existing investments in the Transportation and Logistics industries. This acquisition will also provide access to SoftBank’s global network of 470+ technology-led companies with scope to develop new commercial relationships for mutual benefit. Balyo’s Board of Directors believe that through this partnership, the Company will benefit substantially from SoftBank’s technological and commercial expertise while also securing the necessary financial resources to reach its full potential.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.