Bollegraaf partners with Greyparrot, investing $12.8M and transferring AI vision business.

Bollegraaf, the world's largest builder of recycling plants, has entered into a strategic partnership with Greyparrot, a pioneer in AI waste analytics, to transform the global waste management industry. Under the agreement, Bollegraaf will transfer its AI vision business to Greyparrot and make a cash investment of $12.8 million, securing a non-controlling stake in the company. Additionally, Bollegraaf will serve as a worldwide distributor and strategic partner for Greyparrot's Analyzer, which provides 100% visibility into waste streams at recycling plants across 14 countries using AI camera systems. The deal also includes Greyparrot acquiring Bollegraaf's vision-based computing intellectual property and its AI development team. Greyparrot will open its first office in the Netherlands, where Bollegraaf is based.

February 07, 2024
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