Brief: Colruyt Teams Up With Kion On Supply Chain Robotics
BRIEF-Colruyt Teams Up With Kion On Supply Chain Robotics July 14 (Reuters) - Colruyt Group NV COLR.BR:
COLRUYT GROUP AND KION LAUNCH A NEW RESEARCH AND DEVELOPMENT CENTER FOR NEXT‑GENERATION SUPPLY CHAIN ROBOTICS
HAS SOLD 70% OF ITS ACTIVITIES RELATED TO RESEARCH AND DEVELOPMENT CONCERNING SELF-DRIVING PALLET TRUCKS TO KION
SELECTS KION AS ITS PREFERRED GLOBAL PARTNER TO BRING ITS MOST ADVANCED SELF‑DRIVING VEHICLE
TRANSACTION IS EXPECTED TO LEAD TO A POSITIVE IMPACT OF APPROXIMATELY EUR 20 MILLION
KEEPS A PARTICIPATION OF 30% AND SMART INNOVATION NV WILL AS OF NOW BE RECOGNISED AS AN ASSOCIATE ACCOUNTED FOR USING EQUITY METHOD
Further company coverage: COLR.BR, KGX.DE
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