Forestay Capital Ltd acquires equity stake in BlueBotics SA
Forestay Capital Ltd, managed by Forestay Capital Management Limited, the closed-end tech fund launched earlier this year by Waypoint, has acquired an equity stake in BlueBotics SA, a navigation technology company based in St-Sulpice.
BlueBotics SA is a 2001 founded spin-off of the Swiss Federal Institute of Technology (EPFL), developing and selling leading navigation technologies for industrial vehicle automation. The company is a technology leader in autonomous navigation solutions for vehicles in the professional use market, mostly active in industrial automation and service robotics. BlueBotics SA is active today in over 20 countries and counts an installed base of over 1,000 ANT® driven vehicles worldwide.
Lenz & Staehelin advised Forestay in this transaction. The team was led by partner Andreas Rötheli and included associate Simone Schürch (both Corporate and M&A).