Announced
Completed
Financials
Tags
Automobiles
self-driving vehicles
Canada
Acquisition
Private
Friendly
Cross Border
Majority
Single Bidder
Completed
Synopsis
Rockwell Automation, a company dedicated to industrial automation and digital transformation, completed the acquisition of Clearpath Robotics, an autonomous robotics company for industrial applications. Financial terms were not disclosed. “We are delighted to welcome the Clearpath Robotics and OTTO Motors teams to Rockwell. This acquisition marks a turning point for our customers around the world. Rockwell is simplifying and transforming the difficult yet critical function of material handling throughout the manufacturing plant with an end-to-end production logistics solution. Production logistics is key to optimizing operations across an entire facility and bringing the Connected Enterprise to life,” Blake Moret, Rockwell Automation Chairman and CEO.
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