Davis Polk is advising Ocado Group plc on its acquisition of Haddington Dynamics, a robotics-arm designer and manufacturer. Subject to satisfaction of certain closing conditions, the transaction is anticipated to close in the fourth quarter of 2020.
Ocado is a UK 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.
Haddington Dynamics is an advanced research and development company based in Las Vegas that specializes in the design and manufacture of low-cost, lightweight, highly dexterous robotic arms.
The Davis Polk corporate team includes partners Louis Goldberg and Daniel Brass and associate Sang Hun Lee. The intellectual property and technology transactions team includes partner David R. Bauer and associate Michael V. Policastro. Partner Veronica M. Wissel is providing executive compensation advice. Partner Dan Hirschovits is providing U.K. corporate law advice. Partner Patrick E. Sigmon is providing tax advice. Partner Jonathan Cooklin is providing U.K. tax advice. Partner John B. Reynolds III is providing CFIUS advice. Members of the Davis Polk team are based in the New York, London and Washington DC offices.