Forestay Capital acquires capital in Swiss navigation technology company BlueBotics
Forestay Capital Ltd has acquired capital in BlueBotics, a Swiss navigation technology company, to help facilitate international expansion. Forestay Capital is the Bertarelli closed-end tech fund that launched earlier this year.
Based in St-Sulpice, Switzerland, BlueBotics develops and sells navigation technologies for industrial vehicle automation. The company’s ANT product line has been installed in more than 1,000 vehicles across the world, as it addresses the needs of various industry verticals, including material handling, hospital logistics, and cleaning.
Boasting more than 15 years of experience, BlueBotics says that it has developed strong relationships with leading Automated Guided Vehicle (AGV) manufacturers, as its technology is now a part of their product offerings.
“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,” says Nicola Tomatis, CEO of BlueBotics.
“Drawing on Forestay Capital’s experience and financial strength, we are now well positioned to reinforce BlueBotics’ leadership worldwide.”