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Fetch robotics12/28/2023 This includes hiring and retaining skilled staff, accommodating seasonal fluctuations, and relying on temporary workers to operate forklifts. Additionally, distribution organizations face longstanding labor challenges. Warehouse needs have risen dramatically over the past year, as a surge in consumer spending has increased demands on distribution centers. The new solution dynamically orchestrates the movement of warehouse associates and robots, combining the power of Fetch’s Freight500 and Freight1500 autonomous mobile robots (AMRs) with the optimization capabilities of Körber’s warehouse management systems, supporting case picking workflows for facilities of all sizes. “This acquisition is a continuation of what we expect to be a series of innovations that reflect our commitment to creating solutions that help our customers improve their operations through robotics.”Ĭlick for more Modern Shipper articles by Brian Straight.Fetch Robotics, a warehouse robotics and automation specialist, has unveiled a new integrated case pick-to-pallet solution with Körber, a multinational conglomerate with 10,000 employees worldwide. “Our goal is to give robots and people the opportunity to do their very best work,” said Bill Burns, chief product and solutions officer at Zebra Technologies. Other investors include Sway Ventures, Softbank, Oreilly AlphaTech Ventures and Shasta Ventures.Īccording to a release announcing the acquisition, Zebra has an annual run rate of approximately $10 million. Its most recent round was a $46 million Series C in July 2019, led by Fort Ross Ventures, according to Crunchbase. Zebra Ventures is an investor in Fetch, which has raised $94 million across four funding rounds. “By helping customers dynamically optimize and holistically orchestrate their fulfillment, distribution and manufacturing operations, together we help enable their ability to stay ahead of growing demand, minimize delivery times and address shrinking labor pools.” Together we have the right team with the right technology to provide end-to-end solutions that solve real customer problems,” said Melonee Wise, CEO of Fetch Robotics. “The Fetch team is excited to join Zebra and accelerate the adoption of flexible automation through AMRs and our cloud-based robotics platform. Its robotics solutions cover operations in manufacturing, fulfillment and distribution centers.įetch was founded in 2014 in San Jose, California. We are excited to welcome the Fetch team to the Zebra family.”įetch offers autonomous mobile robots (AMRs) to optimize picking in fulfillment and distribution centers to enable just-in-time material delivery. “This move will also extend our ongoing commitment to optimize the supply chain from the point of production to the point of consumption. “The acquisition of Fetch Robotics will accelerate our enterprise asset intelligence vision and growth in intelligent industrial automation by embracing new modes of empowering workflows and helping our customers operate more efficiently in increasingly automated, data-powered environments,” said Anders Gustafsson, CEO of Zebra Technologies. The transaction is subject to closing conditions and regulatory approval and is expected to close in the third quarter. Zebra ( NASDAQ: ZBRA) already owns 5% of Fetch. The Illinois-based global company will acquire Fetch Robotics, an on-demand warehouse automation provider, for $290 million in cash. Zebra Technologies, which provides everything from mobile computers and printers to data capture and machine learning systems and even temperature monitoring and sensing technologies, is adding warehouse robotics to its portfolio.
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