Locus Robotics expands partnership with DHL Supply Chain

Stack Capital Holding Locus Robotics Expands Global Partnership With DHL Supply Chain (Stack Capital Group Inc.)

TORONTO — Stack Capital Group Inc., announces that Locus Robotics, Inc., an existing portfolio holding, has successfully expanded its business partnership with DHL Supply Chain, a logistics provider.

The deal is for a fleet of autonomous mobile robotics, and DHL will deploy 5,000 Locus Origin AMRs across its global network of warehouses and distribution centres, which is expected to be fully integrated into DHL’s operations by year end. The expanded fleet of Locus AMRs with advanced automation technology will reportedly allow DHL to further optimize its supply chain operations, improve worker productivity, order accuracy, speed, and overall efficiency; while enhancing DHL’s capabilities in e-commerce fulfillment, retail replenishment, and pharmaceutical & healthcare logistics.

“This exciting announcement further validates the value and strength of Locus’ industry-leading robotics technology,” said Jeff Parks, CEO of Stack Capital. “Without question, Locus has become a critical partner for DHL and is helping the world’s leading logistics provider digitize its warehouses, distribution, and fulfillment centers to efficiently meet the challenges associated with labor shortages, increasing order volumes, and rising consumer expectations. Stack Capital remains confident in the outlook for Locus and believes that its leadership team is on a path to delivering continued growth.”