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The back end of Fastbrick Robotics' prototype, feeding bricks to the bricklaying arm.

Robot bricklaying firm to join ASX

Perth-based firm Fastbrick Robotics is bringing its bricklaying robots, which have been backed by Dale Alcock, to the ASX, lining up an all-scrip acquisition deal with DMY Capital.

ASX-listed DMY said it would issue 150 million of its shares as consideration to acquire Fastbrick, which has developed a fully automated, robotic bricklaying technology.

At today's share price of 3.6 cents, the deal is worth around $5.4 million.

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Comments

Jandakot
Amazing technology. Wonder when it will be available and what impact it would have on construction pricing and the property market as a whole.

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