Ocado buys US robot startup for €10.2m

Ocado Group on Monday said it was buying US robotics startup Myrmex for €10.2m (£8m).

The company, which took a minority stake in Myrmex in 2020, will use its “frame loading” system to fill customer orders from Ocado warehouses to cut its wages bill.

Ocado runs an online grocery operation with UK retailer Marks & Spencer as well as selling warehouse systems to other companies,

The system is expected to go live later this year.