11/25/2023 0 Comments Zebra technologies robotics 290mcrowe![]() ![]() Zebra Chief Executive Officer Anders Gustafsson said acquiring Fetch will help his company to accelerate its vision of enterprise asset intelligence and its growth in intelligent industrial automation. ![]() Fetch Robotics has an AMR portfolio with payloads between 100 kg – 1500 kg.“This move will also extend our ongoing commitment to optimize the supply chain from the point of production to the point of consumption,” he added.įetch co-founder and CEO Melonee Wise is one of the biggest names in the robotics industry, having previously led Unbounded Robotics, which shut down in 2014 despite developing what many said was a promising UBR-1 single-armed mobile robot. Wise said that by joining Zebra, Fetch will be able to speed up adoption of its robots and its cloud-based robotics software platform. | Image credit: Fetch Roboticsįetch Robotics, a San Jose, Calif.-based developer of autonomous mobile robots (AMRs) for logistics, has been acquired by Lincolnshire, Ill.-based Zebra Technologies for $290 million. The acquisition is expected to close in the third quarter of 2021 and is subject to customary closing conditions. Zebra Technologies already owned 5% of Fetch Robotics through an earlier investment. Zebra is acquiring the other 95% of Fetch Robotics. According to the announcement, Fetch Robotics “is generating annualized run-rate sales of approximately $10 million.” Prior to this acquisition, Fetch Robotics, which was founded in 2014, had raised about $94 million.įetch offers a portfolio of AMRs and cloud-based software for deploying and integrating a range of automated workflows. The companies said the acquisition will help them both integrate technology to connect human workers, tools like hand-held scanners and self-navigating robots, and the software that directs the flow of distribution, manufacturing and retail operations. “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. “This move will also extend our ongoing commitment to optimize the supply chain from the point of production to the point of consumption. We are excited to welcome the Fetch team to the Zebra family.”įetch and Zebra have worked closely together in the past. The companies announced a partnership in early 2020 by integrating Fetch’s AMRs and Zebra’s FulfillmentEdge software. Fetch recently announced full compliance with the new ANSI / RIA standard R15.08. Fetch was also one of many robotics companies that developed disinfection solutions due to the COVID-19 pandemic. This is a great moment for Fetch’s CEO and co-founder Melonee Wise, one of the most well-known names in the industry. ![]() Her previous startup, Unbounded Robotics, abruptly shut down in 2014 after developing the promising UBR-1 single-armed mobile robot. “The Fetch team is excited to join Zebra and accelerate the adoption of flexible automation through AMRs and our cloud-based robotics platform. Together we have the right team with the right technology to provide end-to-end solutions that solve real customer problems,” said Wise. “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.”įetch is among a growing number of AMR providers that focus on the logistics industry. Some of Fetch’s main competitors include Locus Robotics, which recently raised a $150 million Series E round of funding, and 6 River Systems, which was acquired by Shopify in September 2019 for $450 million.Įditor’s Note: This article first appeared on sister publication The Robot Report.Zebra Technologies bought Fetch Robotics to bolster its industrial automation portfolio. Here are the top-line bullets you need to know. Zebra Technologies, an industrial software provider, has acquired 95% of Fetch Robotics, a developer of autonomous mobile robots, for $290M in an all-cash transaction.
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