×
664
Fashion Jobs
T S HR
Head of Design
Permanent · SYDNEY
JUST JEANS
Junior Product Manager - Just Jeans
Permanent · Melbourne
ESTÉE LAUDER COMPANIES
Demand Planner
Permanent · Sydney
CLINIQUE
Clinique - Consultant - Myer Castle Hill- Part Time
Permanent · Sydney
ESTÉE LAUDER COMPANIES
Demand Planner
Permanent · Sydney
CLINIQUE
Clinique - Consultant - Myer Castle Hill- Part Time
Permanent · Sydney
L’ORÉAL GROUP
Account Executive- Pharmacy Channel
Permanent · Melbourne
L’ORÉAL GROUP
Account Executive- Pharmacy Channel
Permanent · Melbourne
H&M
Warehouse Supervisor/Group Leader
Permanent · Kingswood
H&M
Warehouse Supervisor/Group Leader
Permanent · Kingswood
L’ORÉAL GROUP
Corporate Accounting Manager
Permanent · Melbourne
MAC
m.a.c Cosmetics Retail Marketing Manager
Permanent · Sydney
JUST JEANS
Supply Coordinator - Just Jeans
Permanent · Melbourne
L’ORÉAL GROUP
Account Manager- E-Commerce
Permanent · Melbourne
CLINIQUE
Clinique - Consultant - Melbourne Cbd And Surrounding Suburb Locations - Part Time
Permanent · Melbourne
CLINIQUE
Clinique - Consultant - Perth International Airport- Part Time
Permanent · Perth
CLINIQUE
Clinique - Consultant - Myer Chatswood- Part Time
Permanent · Sydney
CLINIQUE
Clinique - Consultant - Brisbane International Airport- Full Time
Permanent · Brisbane
L’ORÉAL GROUP
Luxury Fragrance Consultants - l'Oreal Luxe, Gold Coast
Permanent · Gold Coast
L’ORÉAL GROUP
Luxury Fragrance Consultants - l'Oreal Luxe, Brisbane
Permanent · South Brisbane
H&M
Business Controller to Global Buying Office
Permanent · Stockholm
H&M
Department Manager - Macquarie
Permanent · Sydney

Amazon to invest in French firm's technology for self-driving forklifts

By
Reuters API
Published
today Jan 10, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Amazon could build a stake of almost a third in warehouse robotics firm Balyo in the next seven years, as part of a deal that could boost sales of the French company's technology for self-driving forklift trucks.




Warehouse automation is a key element in efforts by Amazon to cut costs and speed up deliveries. The world's biggest online retailer currently uses robots developed by Kiva Systems, a company it bought for $775 million (606.23 million pounds) in 2012.

"This agreement ... represents an unprecedented opportunity for Balyo to grow its business and supports the soundness of our investments over the years to perfect our robotic solutions," Balyo Chief Executive Fabien Bardinet said on Thursday.

Under the terms of the deal, Amazon will receive free stock warrants representing up to 29 percent of Balyo's capital which it can exercise depending on orders of the company's products.

The full 29 percent would be exercised if Amazon orders up to 300 million euros ($346 million) of Balyo's enabled products.

Balyo, whose navigation system turns forklifts into self-driving vehicles, said it expected 2018 revenue to come in at 23.3 million euros, up 40 percent on the previous year.

 

© Thomson Reuters 2019 All rights reserved.