British robot-using online grocer licensing their technology to US Kroger chain

Ocado (LON:OCDO), the UK leader in home-delivered groceries from robot-run distribution centers, has established a licensing deal with US grocery chain Kroger (NYSE:KR) whereby Kroger will take a 5% stake in Ocado – an investment valued at ~$247.5 million and Ocado will help Kroger set up systems to manage online ordering, fulfillment and delivery operations utilizing Ocado-proven technologies. Ocado will see…

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