AUTO: AutoStore to acquire Logiqs

(Nedre Vats, November 5, 2026): AutoStore Holdings Ltd. (AutoStore,
OSE:AUTO),announced an agreement to acquire Logiqs BV ("Logiqs"), a provider of
roaming pallet Automated Storage and Retrieval Systems (AS/RS), for a purchase
price of up to EUR 30 million.

"This acquisition is another step in our journey towards building an autonomous,
intelligent fulfilment platform. In Logiqs, we have identified a core technology
that, over time, will bring roaming pallet AS/RS into the AutoStore platform,
helping us address a broader set of needs for both new and existing customers",
said Mats Hovland Vikse, CEO of AutoStore.

Based in the Netherlands, Logiqs develops roaming robots for the automated
storage and retrieval of palletized goods. Its warehouse technology is deployed
at approximately 30 customer sites across multiple geographies and end markets,
helping customers improve storage density, throughput and operational
efficiency. Logiqs' 60 employees bring complementary automation, software and
product capabilities to AutoStore.

"For Logiqs, this is an opportunity to accelerate our technology together with
AutoStore. I am confident that the combined expertise of Logiqs and AutoStore
will create value for our customers. The cultural similarities between our two
companies are a great starting point for a successful collaboration going
forward", said Reyer van der Louw, CEO of Logiqs

 "During the process, we've been impressed with Logiqs' deep experience and
insight into what is an exciting new product and technology area for us. We look
forward to working together to further develop the platform and create value for
customers", said Parth Joshi, Chief Product Officer and President Product
Business Unit at AutoStore.

The purchase price will be funded from existing cash reserves and is not
expected to have a material impact on AutoStore's financial results. Additional
information will be provided over time, as AutoStore further develops the
technology in preparation for expanded commercial release.

The transaction is expected to close in Q4 2026, subject to customary closing
conditions.

For further information, please contact:

Hiva Flåskjer, SVP Investor Relations, AutoStore AS Telephone: +47 958 66 790 I
hiva.flaskjer@autostoresystem.com

Media Contact:

Patrik Wallgren, Senior Manager , Commercial PR and Communications, AutoStore AS
Telephone: +47 90299901 I patrik.wallgren@autostoresystem.com

About AutoStore | www.autostoresystem.com

AutoStore combines automation, software, and AI to enable Intelligent
Fulfillment across the entire lifecycle. Founded in Norway, we've grown into a
global technology company delivering advanced technology that automates and
orchestrates order fulfillment. Our goal is simple: to ensure orders arrive
faster than ever, with minimal environmental impact - helping brands exceed
customer expectations. Today, we have approximately 2,050 systems in over 68
countries and continue to grow as a global community of employees, partners,
customers, suppliers, and connected technologies. Our fulfillment solutions
simplify operations, and by listening closely to our community, we continuously
innovate to meet the industry's most complex needs. With AutoStore, brands gain
speed, efficiency, improved workplaces, and significantly more floor space.
With AutoStore\, brands gain\
speed\, efficiency\, improved workplaces\, and significantly more floor space.\