Ocado extends deal with tech firm to deliver more robots amid boom
◆ Ocado has extended a tie-up with a British technology company to manufacture more of its robots as it banks on the boom in online grocery shopping, writes Laura Onita.
The “multi-million” pound investment in Tharsus, based in Blyth, Northumberland, means Ocado can export more of its technology swiftly to other countries.
The online grocer has been beefing up the production of robot factories for supermarkets worldwide to capitalise on surging demand for online deliveries. It currently has seven international deals with chains including Kroger in America and Casino in France, plus Morrisons.
The deal will last until at least 2024 and is meant to create 100 jobs in the area.
“Having Ocado as a customer has a knock-on effect on a business like ours,” said Brian Palmer, the chief executive of Tharsus. “It helps us build our reputation.”
The robot manufacturer also works with the likes of DHL and Rolls-Royce. It first started working with Ocado seven years ago. Earlier this month Ocado raised £1bn from investors as it looks to cash in on the surge in online deliveries sparked by coronavirus.