Locus Robotics acquires Waypoint Robotics
Locus Robotics announced its acquisition of Waypoint Robotics, a provider of industrial strength, autonomous, omnidirectional mobile robots.
“Locus is the proven leader in the development of highly productive and innovative AMR technology that efficiently solves our customers’ needs for total warehouse optimization,” said Rick Faulk, CEO of Locus Robotics. “As order fulfillment and labor 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.”
According to a press release announcing the acquisition, Locus Robotics has built a reputation as one of the leaders in the warehouse automation space. The company has raised $305 million since its founding in 2014 and is one of the first autonomous mobile robots (AMR) providers with a valuation over $1 billion.
Waypoint’s Vector and MAV3K are industrial-strength, flexible, mobile robot platforms designed for the warehouse and material handling industry. They feature omnidirectional mobility and are suited to meet the challenging environments found in warehouses, factories, and manufacturing facilities. They can easily be fitted with a wide range of modules and attachments, making them highly versatile and easily scalable across various applications.
"The acquisition of Waypoint Robotics will accelerate our product roadmap. We will be introducing product offerings that address our customers’ urgent and growing needs worldwide including serving industries with use cases requiring robots to handle larger, heavier payloads," said.Faulk.
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