Monday 27 March 2023

Massachusetts, US-based AI-driven technology company Berkshire Grey, Inc. (NASDAQ: BGRY) has agreed to acquire all of the outstanding capital stock of Tokyo-based investment holding provider SoftBank from SoftBank Group Corp. for USD 1.40 per share, the company said.

Berkshire will acquire SoftBank in an all-cash transaction valued at approximately USD 375m.

SoftBank, with stakes in AI, smart robotics, IoT, telecommunications, internet services, and clean energy technology providers, has been an investor in Berkshire Grey since 2019.

Berkshire Grey, Inc. (NASDAQ: BGRY) combines AI and robotics to automate fulfillment, supply chain, and logistics operations. Berkshire Grey solutions are a fundamental engine of change that transform pick, pack, move, store, organise, and sort.

The SoftBank Group is comprised of SoftBank Group Corp. (TOKYO: 9984), an investment holding company that includes stakes in AI, smart robotics, IoT, telecommunications, internet services, and clean energy technology providers; the SoftBank Vision Funds and SoftBank Latin America Funds, which are investing more than USD 160 bn to help entrepreneurs transform industries and shape new ones.