Caterpillar aligns with brick-laying robotics specialist

Sources: Caterpillar Inc., Peoria, Ill.; CP staff

A memorandum of understanding positions Caterpillar and Australia-based Fastbrick Robotics to collaborate on development, manufacturing, sales and servicing of the latter company’s bricklaying technology. Effective for 12 months, it will see Caterpillar take a $2 million stake in Fastbrick Robotics, potentially followed by an additional $8 million investment.

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