Ocado to purchase robotics start-up Myrmex for £8.1m

Ocado is purchasing materials handling robotics start-up Myrmex Inc for £8.1m ($10.2m), it announced on Monday.

The online supermarket acquired a minority stake in Athens-based Myrmex in 2020 and assigned it with developing a system that automates the loading of containers carrying customer orders onto frames, ready for dispatch from Ocado’s warehouses.

READ MORE: Ocado AGM: 30% of shareholders voted against £100m bonus plan for bosses

The solution it developed, called “Automated Frameload” will go live in Ocado’s warehouses later this year.

Automated Frameload is part of a new series of initiatives for the retailer, including lightweight robots and hi-tech van routing systems, which were announced in January.

Ocado also said Myrmex’s technology has potential applications for store locations, in particular automating the pick-up grocery order process.

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