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Ocado completes planned $262m acquisition of Kindred Systems

StockMarketWire.com

Online grocery and logistics group Ocado said it had completed its planned $262 million acquisition of robotics solutions company Kindred Systems.

The company had first announced the planned acquisition on 2 November.

Based in San Francisco and Toronto, Kindred supplied sophisticated piece-picking robots for e-commerce and order fulfilment.



Story provided by StockMarketWire.com