SoftBank has struck a $2.8bn deal for a 40 per cent stake in Norwegian warehouse automation company AutoStore, in the latest addition to its web of investments in ecommerce and robotics.
The Japanese group behind the world’s largest technology fund said late on Monday that it will buy the stake from US private equity group Thomas H Lee Partners and Sweden’s EQT in a deal valuing AutoStore at $7.7bn.
The three shareholders will have representation on AutoStore’s board, with Thomas H Lee remaining its majority shareholder.
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