Woolworths Group acquires Takeoff Technologies’ assets for grocery fulfillment

Takeoff said its systems take only five minutes of labor to fulfill a 25 item order. | Source: Takeoff Technologies

Woolworths Group Ltd., which claims to be Australia’s largest retailer, has acquired the assets of Takeoff Technologies Inc. for $2.5 million, according to a purchase agreement obtained by The Robot Report. Woolworths will also pay up to $700,000 in closing costs.

The sale is still subject to the Bid Procedures Order and applicable law. Founded in 2016, the company...