SoftBank Group to acquire a 41.8% stake in Balyo for $13m.

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.