AUTO on Oslo Stock Exchange

AutoStore

Logo: AutoStore, Public domain, via Wikimedia Commons3

Manufacturer of automated storage and retrieval systems

AutoStore AS is a Norwegian manufacturer of automated storage and retrieval systems (AS/RS), that combine automation, software and AI to enable intelligent fulfillment. The company is headquartered in Nedre Vats, Norway, and operates globally with offices in Europe, the United States, Asia, and Australia.2 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

Jun 23, 1995Founded1

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AutoStore AS is a Norwegian manufacturer of automated storage and retrieval systems (AS/RS), that combine automation, software and AI to enable intelligent fulfillment. The company is headquartered in Nedre Vats, Norway, and operates globally with offices in Europe, the United States, Asia, and Australia. As of 2026, it has more than 1,000 employees and a global install base of nearly 1,950 systems in over 60 countries. AutoStore is publicly traded on the Oslo Stock Exchange under the ticker symbol AUTO.OL.2

How it started

History

AutoStore was founded in 1995. When IT entrepreneur Jakob Hatteland began selling computer components from a barn in Nedre Vats, his business, Hatteland Group, became Northern Europe’s largest distributor of electronic components. When a newly constructed warehouse reached full capacity within one month, Hatteland's technical director, Ingvar Hognaland, developed a compact robotic storage solution, which became the basis of AutoStore’s technology.

In 2000, Arrow Electronics acquired Hatteland Electronic, allowing Hatteland Group to invest further in AutoStore. The first commercial AutoStore system was installed in 2005 at Elotec, a Norwegian security equipment supplier.

In 2017, EQT acquired AutoStore for NOK 4 billion and later sold it in 2019 for NOK 15 billion to Thomas H. Lee Partners and EQT Private Equity, making AutoStore Norway’s first unicorn. In 2021, SoftBank purchased 40% of the company for NOK 23 billion.

AutoStore became listed on the Oslo Stock Exchange in October 2021, marking Norway’s largest IPO in two decades.

In 2023, CEO Karl Johan Lier retired and was succeeded by Mats Hovland Vikse.

From Wikipedia’s article on AutoStore, shared under CC BY-SA 4.0.2

Timeline

  1. Oct 2021Went public Listed on Oslo Stock Exchange1
  2. Jun 23, 1995Founded Founded1

Sources

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