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Amazon to invest in French firm's technology for self-driving forklifts

January 10, 2019 7:49 AM
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(Reuters) - Amazon (AMZN.O) could build a stake of almost a third in warehouse robotics firm Balyo (BALYO.PA) in the next seven years, as part of a deal that could boost sales of the French company’s technology for self-driving forklift trucks.

Warehouse automation is a key element in efforts by Amazon to cut costs and speed up deliveries. The world’s biggest online retailer currently uses robots developed by Kiva Systems, a company it bought for $775 million in 2012.

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