Locus Robotics purchases autonomous mobile robot firm Waypoint

September 20, 2021 (Last Updated September 20th, 2021 16:03)

The acquisition follows a 2,000-robot deal signed by Locus with logistics company DHL.

Locus Robotics purchases autonomous mobile robot firm Waypoint
Locus Robotics acquires Waypoint Robotics. Credit: Locus Robotics / PRNewswire.

US-based fulfilment warehouses autonomous mobile robot (AMR) provider Locus Robotics has acquired Waypoint Robotics, a company that develops omnidirectional AMRs for transporting materials.

Waypoint Robotics’ solutions include the Vector and MAV3K flexible mobile robot platforms, which offer omnidirectional mobility and can be attached to different modules and attachments.

The platforms are interoperable with other robots and can communicate with machines and Internet of Things (IoT) devices.

The financial terms of the transaction have not been disclosed.

Locus Robotics CEO Rick Faulk said: “Locus is the proven leader in the development of highly productive and innovative AMR technology that efficiently solves our customers’ needs for total warehouse optimisation.

“As order fulfilment and labour shortages continue to grow around the world, the acquisition of Waypoint Robotics will accelerate our ability to meet these global needs in just months rather than years, helping us drive the digital transformation of the warehouse.”

Locus Robotics’ AMR solutions are designed for a range of applications such as e-commerce, case picking and pallet picking, as well as those that require larger, heavier payloads and fulfilment modalities.

Waypoint Robotics CEO Jason Walker said: “Waypoint shares Locus’s commitment to technological excellence in pursuit of customer success.

“We’re excited to contribute to the expansion of the Locus product family in order to deliver a broader range of solutions, as well as access to new market segments.”

The acquisition comes after Locus signed a deal with logistics company DHL to provide 2,000 supply robots as part of DHL’s efforts to digitalise its supply chain processes.

DHL is the world’s largest logistics firm, operating more than 1,400 warehouses and offices across more than 55 countries and territories.

Last week, Locus secured $50m in funding from existing investor Tiger Global Management.

The company will use the funding to facilitate its continued growth and expansion into new markets worldwide, as well as aiming to meet customer and partner needs more effectively.