AutoStore

Nedre Frei, Norway Founded: 1971 • Age: 55 yrs Acquired By Thomas H Lee Partners
Warehouse automation solutions are delivered via robotic grid systems.
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About AutoStore

AutoStore is a company based in Nedre Frei (Norway) founded in 1971 was acquired by Thomas H Lee Partners in June 2019.. The company has 1,080 employees as of December 31, 2024. AutoStore operates in a competitive market with competitors including Third Wave Automation, RightHand Robotics, Kindred, GreyOrange and Agility Robotics, among others.

  • Headquarter Nedre Frei, Norway
  • Employees 1080 as on 31 Dec, 2024
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
    Industrial Goods & Manufacturing Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Autostore Holdings Ltd.
Operational Areas
Transportation, Automotive & Logistics → Supply Chain, Freight & Logistics
Industrial Goods & Manufacturing → Robotics, Automation & Smart Systems
Technology → Marketing, Adtech & Commerce Technology
Key Metrics
  • Annual Revenue
    $570.75 M (USD)
    -5.21
    as on Dec 31, 2024
  • Net Profit
    $129.48 M (USD)
    526.58
    as on Dec 31, 2024
  • EBITDA
    $271.28 M (USD)
    1.32
    as on Dec 31, 2024
  • Latest Funding Round
  • Investors
    EQT

    & 1 more

  • Employee Count
    1080

    as on Dec 31, 2024

  • Acquired by
    Thomas H Lee Partners

    & 1 more

    (Jun 19, 2019)

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IPO & Listings of AutoStore

AutoStore is a publicly listed company on the OSL with ticker symbol AUTO in Norway, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

Exchange: OSL · Ticker: AUTO . Sector: Technology services · Norway
People of AutoStore
Headcount 50-200
Employee Profiles 7
Board Members and Advisors 8
Employee Profiles
People
Mats Hovland Vikse
CEO
People
Bent Skisaker
CFO
People
Carlos Fernandez
Chief Product Officer
People
Mike Dickson
Interim Chief Revenue Officer

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Board Members and Advisors
people
Hege Skryseth
Director
people
Jim Carlisle
Chair
people
Andreas Hansson
Director
people
Kristin Skogen Lund
Director

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Funding Insights of AutoStore

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in AutoStore

AutoStore has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include EQT and Thomas H Lee Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Investor Description Founded Year Domain Location
EQT is recognized as a global investment organization focused on value creation.
Founded Year Domain Location
Private equity investments are directed toward traditional industries.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by AutoStore

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - AutoStore

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Autostore Comparisons

Employees
+
Add Comparison
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Competitors of AutoStore

AutoStore operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Third Wave Automation, RightHand Robotics, Kindred, GreyOrange and Agility Robotics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
AI and cloud-driven automation is delivered for warehouse material handling.
domain founded_year HQ Location
AI-enabled robotic grippers for object picking are provided.
domain founded_year HQ Location
Provider of a pick and place robot for e-commerce applications
domain founded_year HQ Location
AI and SaaS-based robots for warehouse automation are provided.
domain founded_year HQ Location
Bipedal robots are developed for locomotion, navigation, and manipulation applications.
domain founded_year HQ Location
Autonomous mobile robots are supplied for warehouse operations.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Autostore

Frequently Asked Questions about AutoStore

When was AutoStore founded?

AutoStore was founded in 1971.

Where is AutoStore located?

AutoStore is headquartered in Nedre Frei, Norway. It is registered at Nedre Frei, Møre And Romsdal, Norway.

Who is the current CEO of AutoStore?

Mats Hovland Vikse is the current CEO of AutoStore.

How many employees does AutoStore have?

As of Dec 31, 2024, the latest employee count at AutoStore is 1,080.

What is the annual revenue of AutoStore?

Annual revenue of AutoStore is $570.75M as on Dec 31, 2024.

What does AutoStore do?

AutoStore was founded in 1971 in Nedre Frei, Norway, within the warehouse automation sector. Robotic systems are utilized that operate on a grid structure, with rechargeable robots equipped with lifts for picking and placing bins. Storage is facilitated through an aluminum-based modular rack designed for standardized containers. Operations focus on efficient goods handling in industrial settings.

Who are the top competitors of AutoStore?

AutoStore's top competitors include GreyOrange, Third Wave Automation and Agility Robotics.

Is AutoStore publicly traded?

Yes, AutoStore is publicly traded on OSL under the ticker symbol AUTO.

Who are AutoStore's investors?

AutoStore has 2 investors. Key investors include EQT, and Thomas H Lee Partners.

What is AutoStore's ticker symbol?

The ticker symbol of AutoStore is AUTO on OSL.

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