Zebra Technologies, a reputed innovator that serves business and partners in delivering a top-notch performance, flouted its intentions to bring in Fetch Robotics as part of their business family. Fetch Robotics is a leader in delivering on-demand automation. Their Autonomous Mobile Robots (AMRs) are highly applicable in tasks that involve picking products and materials in fulfilment and distribution offices, delivery of just-in time material in manufacturing centers, and automation of manual material flow in facilities.
Fetch owns the largest stock of AMRs at present in the industry and provides hassle-free integration services for all facilities with zero revamp of the present infrastructure. It also has the ownership of Workflow Builder, its ultimate drag and drop workflow development studio. The studio allows Fetch to come up with innovative automation which helps their clients to deliver automated material handling workflows in a relatively short time. Fetch Robotics’ AMRs assist in zeroing the effect of work deficiencies by further developing throughput, effectiveness and efficiency while working close by individuals in satisfaction, dissemination and assembling conditions.
Anders Gustafsson, Chief Executive Officer of Zebra Technologies stated, “By acquiring Fetch Robotics, we have given a boost to our Enterprise Asset Intelligence vision and growth in smart automation in industries. This has become possible as we embrace new options of enabling workforces and assisting our clients to carry out their business with increased efficiency with respect to automated data-driven ecosystems. He continued, “This move will likewise stretch out our continuous obligation to advance the store network from the mark of creation to the place of utilization. We are eager to invite the Fetch group to the Zebra family.”
Zebra has decided to adopt cash on hand method of payment for paying the $290 million purchase price of Fetch Robotics. The odd fact about the trnasaction is that Zebra is still to own 95% of the said business. The transaction is yet to undergo standard closing conditions and is required to conclude in the Q3 of 2021. It also needs regulatory approval for conclusion. Vedder Price is filling in as lawful consult to Zebra. Fenwick and West is going about as legitimate consult and Evercore is going about as monetary guide to Fetch.