DATE

October 15, 2024

SECTORS

Robotics

DEAL TYPE

M&A

HL Robotics acquires majority stake in outdoor valet parking robot leader Stanley Robotics for $24m

Stanley Robotics was pleased to announce that HL Robotics, a newly formed subsidiary of HL Holdings, had signed an acquisition agreement to acquire the majority of the capital of Stanley Robotics. By joining forces with HL Robotics, Stanley Robotics was poised to accelerate the expansion of its technologies, reach new markets and deliver next-generation automated parking solutions on a global scale.

Since its founding in 2015, Stanley Robotics had been at the forefront of innovation in the parking and vehicle-logistics sectors. Its autonomous robotic solutions had transformed parking efficiency at major airports and vehicle-logistics hubs across Europe and North America. That acquisition marked a new chapter for the company, combining its technology with HL Robotics’ industrial expertise and global footprint.

Stanley Robotics’ mission had always been to redefine parking efficiency with autonomous technology. As part of HL Robotics, the company was set to take that mission to the next level, offering smarter, more efficient parking solutions to meet the growing global demand for automation.

The acquisition came at a time when the global parking industry was undergoing significant transformation, with increasing pressure to optimize parking operations, reduce congestion and enhance user experiences. Together, Stanley Robotics and HL Robotics were uniquely positioned to address those challenges and lead the charge in shaping the future of automated parking. The deal was expected to be finalized before the end of the year, pending the requisite regulatory approvals.

About HL Robotics
HL Robotics, a newly formed subsidiary of HL Holdings, aims to "take the lead in the global parkingrobot market" and spearhead the advancement of global autonomous parking robot technology,positioning it as a new growth engine for HL Group. Backed by HL Group’s extensive global presenceand deep industry experience, HL Robotics is driving forward the future of automation in the parkingand logistics sectors.

About Stanley Robotics
Stanley Robotics is a deep tech company that combines hardware and software to provide solutionsfor outdoor logistics. The technology lies in a robot lifting and moving cars autonomously and in anintelligent storage management software. Robotics has transformed indoor logistics (e.g. inwarehouses), resulting in a spectacular increase of productivity. Stanley Robotics’ ambition is to bringthis transformation to outdoor logistics with its proprietary technologies. Founded in 2015, the SME isheadquarte

"The acquisition by HL Robotics will allow us to expand the reach of our solutions beyond our established markets. Together with HL Group’s industrial strength and advanced technologies, we will be able to provide even more powerful and scalable solutions to airports, finished vehicle logistics providers, the automotive industry, rental car operators and parking operators worldwide."

Clément Boussard

CEO
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Stanley Robotics

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