Warehouse
AutoStore settled its legal fight with Ocado Group, a rival grid maker, agreeing to make payments to Ocado.
A dated step forward on the record · Company-reported
What the source says
“AutoStore recorded a liability related to the settlement with Ocado Group in 2023.”
What it means
AutoStore, from AutoStore, is at stage 4 of 5 on our ladder: paying customers. Its stage is set by other milestones on its record; this one adds to the history. This line rests on the company's own announcement; no regulator, customer or independent report confirms it in our sources yet.
Human help: Our sources report it working without human help.
More on AutoStore
- AutoStore said its first AutoCase system, which handles whole boxes as well as single items, was in use at Nowaste Logistics in Sweden.
- AutoStore reported record quarterly revenue of $192 million, up 43% on a year earlier.
- AutoStore said it had about 2,000 systems in 68 countries.
- AutoStore signed a global supply agreement with Amazon. It sets terms for Amazon to buy AutoStore systems but includes no firm orders yet.
- AutoStore made its last payment to Ocado under the settlement.