Sale of BlueBotics SA to Zapi group

Forestay Capital Ltd, managed by Forestay Capital Management Limited, the closed-end tech fund launched in 2018 by B-FLEXION (previously Waypoint) and the management have sold their equity stake in BlueBotics SA, a navigation technology company based in St-Sulpice (VD), to Zapi group, an Italian manufacturer of electronic components for electric and hybrid vehicles. 

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 (ANT®). 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 in over 20 countries and counts an installed base of over 3,000 ANT® driven vehicles in operation worldwide.

Lenz & Staehelin advised the selling shareholders in this transaction.