Paris-based Stanley Robotics, which developed an autonomous valet parking system, has been sold to HL Robotics.
The deal will see Stanley Robotics merge with HL Robotics, a newly formed subsidiary of HL Holdings in Korea. The terms of the deal were not disclosed.
HL Holdings owns a number of automotive logistic and fleet operation businesses which can use the technology from Stanley. The autonomous robots transport vehicles around a site using a digital twin for the fleet management system (FMS).
- Autonomous robots charge EVs
- Test environment for automated valet parking
“This is an exciting moment for Stanley Robotics,” said Clément Boussard, CEO of Stanley Robotics. “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.”
“By joining forces with HL Robotics, we are poised to accelerate the expansion of our technologies, reaching new markets and delivering next-generation automated parking solutions on a global scale,” he said.
Stanley Robotics has been at the forefront of innovation in the parking and vehicle logistics sectors since 2015 with autonomous robotic systems used at major airports and vehicle logistics hubs across Europe and North America.
The acquisition is expected to be finalized before the end of the year and following regulatory approvals.
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