R&D Fruit and Vegetable Harvesting Automation Technology Company

Offer Deadline:

Offers Invited



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Project Automate

Combining AI, Robotics and Mechanical Engineering to Revolutionise Farming Efficiency.

Hilco is delighted to offer for sale an R&D fruit and vegetable harvesting automation technology company combining AI, robotics and mechanical engineering to revolutionise farming efficiency. The Company has benefitted from substantial investment and represents an excellent opportunity to acquire a pioneering Agrifood automation R&D Business including its intellectual property portfolio and robotic assets.

Overview

  • Via the integration of AI, robotics and mechanical engineering the Company is automating such tasks as tomato harvesting
  • 3D AI data engine facilitates sevenfold faster harvesting than traditional labour intensive methods
  • The Company’s Robots as a Service (RaaS) model offers comprehensive grower solutions
  • Utilisation of off-the-shelf robot arms providing an efficient and reliable solution
  • Technology backed by innovative patents
  • Total Company investment to date c.£9m

The Business

  • Expert team of engineers, PhD researchers, and computer scientists
  • Partnering with UK and Netherlands growers to refine solutions practically
  • London based headquarters and research facilities
  • Developing two product solutions:
    • Robotic-assisted harvesting with AI-enhanced crop identification
    • Automation and increased speeds and accuracy for routine tasks such as packaging

Company Assets:

Intellectual Property Assets

  • A portfolio of patents and patent applications relating to devices for handling objects and method and systems for agriculture
  • Approximately 20 domain names relating to the Company and product names
  • Trademarks (registered and unregistered) relating to the Company name and products
  • Copyright in the website content
  • Social Media Accounts
  • Prospective customer and supplier data

Projects and Prospects

  • The  existing projects and pipeline prospects

Stock

  • A stock of robotic parts with a cost price of c.£100,000

Computer Equipment 

  • Computer equipment with a book value of c.£65,000

Goodwill

  • The goodwill attaching to the business and brand

Sale Process and Further Information

On receipt of a signed non-disclosure agreement (NDA), access will be provided to a virtual data room housing additional information. To access the NDA, please click the link, sign and return via email to rcramp@hilcoglobal.eu and apercival@hilcoglobal.eu.

Terms and Conditions

No warranties, express or implied, are provided in relation to any information or statements made in connection to this opportunity. The information contained herein, and within the project dataroom, has not been verified by Hilco and prospective purchasers must undertake their own due diligence to satisfy themselves as to the accuracy of all such information and any statements made. Hilco’s full Terms and Conditions apply.  Hilco acts as agent for the Vendor who offers for sale only such right, title and interest the Company possesses in the assets.

Contacts

Alexander Muir

Associate Director

Manchester Office

+44 (0) 7593 562917

amuir@hilcoglobal.eu

Roland Cramp MRICS

Managing Director

London Office

+44 (0) 7710 152668

rcramp@hilcoglobal.eu