Davis Polk advised Ocado Group in the transaction. Holland & Hart LLP advised Haddington Dynamics, Inc. on the deal.
Ocado Group plc completed its acquisition of Haddington Dynamics, a robotics-arm designer and manufacturer. Subject to satisfaction of certain closing conditions, the transaction is anticipated to close in the fourth quarter of 2020.
Ocado is a UK based technology company admitted to trading on the London Stock Exchange. It provides end-to-end online grocery fulfilment solutions to some of the world’s largest grocery retailers. Ocado has spent two decades innovating for grocery online, investing in a wide technology estate that includes robotics, AI & machine learning, simulation, forecasting and edge intelligence.
Haddington Dynamics is an advanced research and development company based in Las Vegas that specializes in the design and manufacture of low-cost, lightweight, highly dexterous robotic arms.
The Davis Polk corporate team advising Ocado included partners Louis Goldberg (Picture) and Daniel Brass and associate Sang Hun Lee. The intellectual property and technology transactions team included partner David R. Bauer and associate Michael V. Policastro. Partner Veronica M. Wissel provided executive compensation advice. Partner Dan Hirschovits provided U.K. corporate law advice. Partner Patrick E. Sigmon provided tax advice. Partner Jonathan Cooklin provided U.K. tax advice. Partner John B. Reynolds III provided CFIUS advice.
Holland & Hart’s multi-state deal team was led by Mergers & Acquisitions partner Gian Brown and associates Dmetri Culkar and JP Tarbutton. The team also included subject matter expertise and support from Scott Baird, Catherine Crane, Rossetti Farrell, Dave Glynn, Tyson Horrocks, Arthur Hundhausen, John Ludlum, Chris Myers, Ryan Nichols, Perter Perla, Sara Shelly, Lindsay Silber, Trent Timmons, and Hao Wang.
Involved fees earner: David Bauer – Davis Polk & Wardwell; Daniel Brass – Davis Polk & Wardwell; Jonathan Cooklin – Davis Polk & Wardwell; Louis Goldberg – Davis Polk & Wardwell; Dan Hirschovits – Davis Polk & Wardwell; Sang Hun Lee – Davis Polk & Wardwell; Michael Policastro – Davis Polk & Wardwell; John Reynolds – Davis Polk & Wardwell; Patrick Sigmon – Davis Polk & Wardwell; Veronica Wissel – Davis Polk & Wardwell; Scott Baird – Holland & Hart LLP; Gian Brown – Holland & Hart LLP; Catherine Crane – Holland & Hart LLP; Dmetri Culkar – Holland & Hart LLP; David Glynn – Holland & Hart LLP; Tyson Horrocks – Holland & Hart LLP; Arthur Hundhausen – Holland & Hart LLP; John Ludlum – Holland & Hart LLP; Christopher Myers – Holland & Hart LLP; Ryan Nichols – Holland & Hart LLP; Peter Perla – Holland & Hart LLP; Lindsay Silber – Holland & Hart LLP; JP Tarbutton – Holland & Hart LLP;