Ocado Group acquisition of 6 River Systems
We are advising Ocado Group on the transaction
Davis Polk is advising Ocado Group plc on its acquisition of 6 River Systems. Financial terms of the transaction were not disclosed.
Ocado is a U.K.-based technology company admitted to trading on the London Stock Exchange. It provides end-to-end online grocery fulfilment solutions to some of the world’s largest grocery retailers. Ocado has spent two decades innovating for grocery online, investing in a wide technology estate that includes robotics, AI & machine learning, simulation, forecasting and edge intelligence.
6 River Systems is a collaborative autonomous mobile robot (AMR) fulfilment solutions provider to the logistics and non-grocery retail sectors, based in Massachusetts. Founded in 2015, 6 River Systems developed an AMR product called Chuck that provides automated assistance to pickers in a warehouse, working collaboratively with human operators.
The Davis Polk corporate team includes partners Louis Goldberg and Daniel Brass, counsel W. Soren Kreider IV and associates Joshua B. Pittell and Shuhan Zhang. Partner David R. Bauer and associate Yana Kipnis are providing intellectual property advice. Partner Veronica M. Wissel and associate Justin Alexander Kasprisin are providing executive compensation advice. Partner Patrick E. Sigmon is providing tax advice. All members of the Davis Polk team are based in the New York office.