Benzinga | Aug 9, 2021 04:09PM EDT

Alta Material Handling Partners With Vecna Robotics For Autonomous Mobile Robots

* Alta Material Handling (Alta MH), a business unit of Alta Equipment Group Inc (NYSE:ALTG), has partnered with the autonomous mobile robot (AMR) company Vecna Robotics to bring the capabilities of high-capacity AMRs to its customers. The terms of the partnership were not disclosed.

* The new strategic alliance enables Alta MH to offer the only pallet-handling AMRs with obstacle avoidance, path planning, and independent pallet pick-up.

* Alta MH and Vecna Robotics will support customer demand for automating the high frequency of pallet handling within distribution, warehousing and manufacturing centers across the U.S.

* Alta MH will spec, sell and service Vecna Robotics' full range of pallet handling solutions, including self-driving forklifts, pallet trucks, and tuggers.

* Price Action: ALTG closed at $12.45 on Monday.