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SVT Robotics Looks Ahead to Automation and Logistics in 2023

Found in Robotics News & Content, with a score of 0.22

January 13, 2023

…lots of capital and see a market opportunity. THL [Thomas H. Lee Partners] has been successful at this, acquiring Brooks Automation's Semiconductor Solutions Group. SoftBank's $2.8 billion acquisition of 40% of AutoStore is the stuff of legends. Another axis of consolidation to consider is companies that possessed technology that couldn’t stand on its own but is cool. There are some really interesting components, like perception AI to predict traffic flows from camera data. That's abstract enough that very few end customers that know what to do with it. SVT is partnering with Ox on augmented reality picking. Integrating AMRs [autonomous…


FORTNA Robotics Head Discusses How Automation Can Help Handle Holiday Demand

Found in Robotics News & Content, with a score of 0.20

December 09, 2022

…to grow in North America and other geographies. THL [Thomas H. Lee Partners L.P.] and the Abu Dhabi Investment Authority [ADIA] have a strong desire to invest in and build our product portfolio—robotics is a big part of that, along with software and enabling technologies. Prepare now for next season, returns When should warehouses and DCs begin peak season preparation? What can they do in the shorter term? And what requires more time? Dryer: It has to start with the initial system design. It should be done with someone with deep experience in solutioning, what systems need over their lifespans,…


Robotics and Automation Help Companies Through Economic Challenges, Says Thomas H. Lee Partners

Found in Robotics News & Content, with a score of 1.51

August 29, 2022

In 2020, Thomas H. Lee Partners L.P. raised $900 million for its THL Automation Fund. Since then, the Boston-based company has helped automated storage provider AutoStore go public, acquired the Semiconductor Solutions Group of Brooks Automation for $3 billion, and invested in freight-tracking software firm FourKites. In February 2022, THL participated in robotic picking provider RightHand Robotics' Series C round. In April, the private equity (PE) firm oversaw the merger of MHS Global and Fortna to create an e-commerce and logistics services leader. THL expects automation to transform industries Mike Kaczmarek, managing director at THL, spoke with Robotics 24/7 about…


MHS Global and Fortna to Merge, Forming Materials Handling Multinational

Found in Robotics News & Content, with a score of 0.53

April 19, 2022

…Fortna are already part of the investment portfolio of Thomas H. Lee Partners L.P. (THL), a private equity firm investing in middle-market growth companies. Since 1974, THL has raised more than $30 billion of equity capital, invested in 160 companies, and completed more than 500 add-on acquisitions representing an aggregate enterprise value at acquisition of over $210 billion. THL will remain the majority owner of the combined company, while a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will acquire a “significant” minority stake to support the combination. “We look forward to working with the talented management teams…


RightHand Robotics Picks Up Series C Funding for Piece Picking Automation

Found in Robotics News & Content, with a score of 0.66

February 23, 2022

…to Forbes. RightHand investors follow growing market Safar Partners, Thomas H. Lee Partners (THL), and the SoftBank Vision Fund led RightHand's latest funding, which brings its valuation to $240 million. Tenzer said he expects the company make $10 million in revenue this year. Zebra Technologies, Epson, and Global Brain also join the Series C round, along with previous investors GV (Google Ventures), F-Prime Capital, Menlo Ventures, Matrix Partners and Future Shape. Menlo Ventures and Playground Global led previous rounds. “The RightHand Robotics piece-picking solution has demonstrated year after year that autonomous robots are vital to solving the challenges of organizations…


Thomas H. Lee Partners to Acquire Semiconductor Solutions Group From Brooks Automation for $3B

Found in Robotics News & Content, with a score of 2.64

September 20, 2021

Thomas H. Lee Partners L.P., or THL, today announced a definitive agreement with Brooks Automation Inc. to acquire its Semiconductor Solutions Group for $3 billion in cash. The transaction is expected to close in the first half of calendar year 2022 upon satisfaction of customary closing conditions and regulatory approvals. “We are excited to be joining forces with THL, with whom we share a vision for the future of our business,” said David Jarzynka, president of Brooks Automation. “We are proud of the leadership position we’ve established in our industry, and THL’s resources and automation expertise will further strengthen our…


SoftBank Spends $2.8B to Acquire 40% of Automated Storage Provider AutoStore

Found in Robotics News & Content, with a score of 1.56

April 06, 2021

…acquire 40% of the company from funds affiliated with Thomas H. Lee Partners L.P. and EQT Private Equity, among other shareholders. AutoStore said the funding will enable it to accelerate its global expansion, “with particular emphasis on the Asia-Pacific region.” Nedre Vats, Norway-based AutoStore was founded in 1996 and develops proprietary software and hardware to make warehouse operations more efficient. The company claimed that its Cube Storage Automation is “the densest storage technology.” AutoStore said that more than 20,000 of its robots are currently deployed in more than 600 installations in 35 countries. It has facilities in 11 nations and…


MHS to open new production facility in Kentucky

Found in Robotics News & Content, with a score of 0.89

January 29, 2021

…led the company through a recapitalization in partnership with Thomas H. Lee Partners, L.P. (“THL”), followed by a series of acquisitions that expanded the Company’s global footprint, capabilities and product and service lines. “Kentucky has been a fantastic place to grow our global business during the past 20-plus years, and we are pleased to be expanding our presence in our home state,” said MHS CEO Scott McReynolds. “Our customers are experiencing new peak demand levels, which means our products and services are also in high demand. This facility will fill an important niche in our manufacturing process and ultimately helps…


AutoStore acquired by Thomas H. Lee Partners

Found in Robotics News & Content, with a score of 2.87

June 26, 2019

Private equity firm Thomas H. Lee Partners, L.P. announced on Tuesday, June 25, 2019, that it had a definitive agreement to acquire AutoStore, a Norwegian-based provider of robotics and software order fulfillment solutions to warehouses and distribution centers around the world. This marks at least third investment by THL in the supply chain and materials handling space in recent years. In 2017, THL acquired MHS, a Louisville-based provider of parcel handling systems. More recently, in March 2019, the firm announced an investment in Fortna, a supply chain consulting and design firm. Members of AutoStore’s senior management and equity teams, among…


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