SoftBank Group Corp. has acquired AutoStore for an undisclosed amount. The acquisition marks a significant strategic move by SoftBank to expand its portfolio in the burgeoning automated warehouse and logistics sector by taking ownership of the Norway-founded technology company.
AutoStore is a global technology company with a clear vision to store and move things for everyone, everywhere. It specializes in automated storage and retrieval systems (AS/RS), using advanced software to automate and orchestrate order fulfillment processes. The company’s modular cube storage system helps brands achieve faster order processing, increased efficiency, and significant space optimization, boasting over 1600 systems in nearly 60 countries and an impressive 99.8% uptime.
This acquisition is strategically aligned with the growing demand for automation solutions in e-commerce and supply chain logistics. AutoStore's robotic systems enhance speed, density, and accuracy, crucial for businesses aiming to exceed customer expectations with minimal environmental impact. SoftBank’s purchase of AutoStore positions the combined entity to capitalize on the accelerated global adoption of warehouse automation.
The integration of AutoStore's proven technology with SoftBank's extensive global network and investment capabilities is expected to drive substantial synergies. This combination will likely accelerate AutoStore’s innovation and market penetration, scaling its solutions to meet the complex needs of diverse industries. The combined entity is poised to lead the continued evolution of automated fulfillment solutions, strengthening its position in the rapidly expanding global logistics and robotics landscape.