Swiss navigation technology company BlueBotics announced today that Forestay Capital Ltd, the Bertarelli closed-end tech fund that launched earlier this year, has acquired capital of the company, providing impetus for international expansion.
BlueBotics, which is based in St-Sulpice, develops and sells leading navigation technologies for industrial vehicle automation.
Its ANT® product line has been installed in over 1,000 vehicles globally, addressing the needs of various industry verticals, from material handling to cleaning or hospital logistics. With over 15 years of experience, the company has established strong relationships with leading Automated Guided Vehicle (AGV) manufacturers and its technology is now part of their product offering.
“We are excited to welcome Forestay Capital, a dynamic tech investment platform with a strong entrepreneurial heritage who shares our values and vision. We were looking for the right partner to help us capitalize on the industry’s fast growing demand for flexible and cost-effective navigation solutions for Automated Guided Vehicles, which we are enabling with the ANT® product suite. Drawing on Forestay Capital’s experience and financial strength, we are now well positioned to reinforce BlueBotics’ leadership worldwide.” says Nicola Tomatis, CEO of BlueBotics.
“After having screened the market for over a year, the fund identified BlueBotics as the navigation technology leader in an industry where adoption now reaches an inflection point. Forestay Capital is excited to partner with the company’s management team to support the next stages of its international expansion,” says Frederic Wohlwend, Managing Partner at Forestay Capital SA.