Balyo, the forklift truck manufacturer, soared by more than 20% on the Paris Bourse on Thursday, after being selected by American paint manufacturer Behr Paint to equip four distribution centers.

Under the terms of the contract, Balyo will deploy a fleet of autonomous 'Reachy' robots at each of the paint manufacturer's sites, to automate storage and retrieval operations.

Designed to operate in very narrow aisles and with space constraints, these robots offer a high level of precision, combined with simplicity of use and ease of deployment.

Following this announcement, Balyo's share price climbed by more than 20% at the end of the morning.

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