HL Robotics, a subsidiary of HL Holdings, has signed an agreement to acquire “Stanley Robotics,” a company that commercialized outdoor valet parking robots.
The acquisition is expected to be finalized before the end of the year and following the agreement from the authorities. With this acquisition, HL Robotics aims to “take the lead in the global parking robot market” and spearhead the advancement of global autonomous parking robot technology, positioning it as a new growth engine for HL Group.
After successfully commercializing parking robots in Lyon-Saint-Exupéry Airport in France in 2018, Stanley Robotics signed a parking robot subscription agreement with a Canadian finished vehicle logistics supply chain company, launching robotic automotive logistics compound management in September this year.
This marks the first commercial model in North America featuring a comprehensive package, including maintenance services. Also, expectations for additional orders are high, with concentrated spots for vehicles, including railroad logistics companies and airports across North America and Europe, as potential customers.
Th company’s flagship product, “Stan,” is an autonomous valet parking robot that navigates parking lots without time or space constraints. This success has been enabled by the Fleet Management System(FMS). The FMS, which utilizes digital twin technology, not only monitors Stan but also provides real-time remote control from one central location. Market concerns about potential “power-off” issues have been addressed by Stan’s built-in “intelligent automatic charging function” as the solution.
Experts predict that the global autonomous parking robots market, which has been growing at double-digit rates annually, will reach $6.7 billion by 2030. This growth is driven by space shortages, population growth and increasing urban density in major cities worldwide.
HL plans to expand its business portfolio beyond parking robots to include a broader range of robotic solutions aimed at everyday consumers.