Ocado OCDO.L, the British online supermarket and technology group, said on Monday it would buy two robotics companies for a total of $287 million (222.3 million pounds).
The group said it was buying Kindred Systems Inc for $262 million and Haddington Dynamics Inc for $25 million.
Ocado also upgraded the full-year core earnings outlook for Ocado Retail Ltd, its joint venture with Marks & Spencer MKS.L, due to strong fourth-quarter trading so far.
It expects full-year earnings before interest, depreciation and amortisation (EBITDA) for Ocado Retail to be over 60 million pounds, versus previous guidance of over 40 million pounds.
(Reuters)
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