Inside the News - Edition #906

Allan Leibowitz -
Inside the News
- 17 Jan 2019 ( #906 )
1 min read
There was an advertisement in the '80s in which American entrepreneur Victor Kiam said he liked Remington razors so much that he bought the company.
This week, we see something similar, with online retailer Amazon taking a stake in warehouse robotics firm Balyo.
Not only will Amazon be adopting the French company's technology for self-driving forklifts, it also has the right to buy up to a third of the company.
Amazon did something similar in 2012, buying Kiva Systems and adopting its warehouse robots.
Balyo already supplies its technology to a number of forklift manufacturers and if the Amazon deal reflects anything, it is confidence in AGVs. Watch this space ...
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In this week’s Forkliftaction News we look at the financial reports of some of the materials handling industry’s largest players including Hyster-Yale, KION and Hangcha... Continue reading
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