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New Deal


Announced

Completed

ABB completed the acquisition of Sevensense Robotics.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Friendly

Single Bidder

Switzerland

autonomous mobile robots

Auto Technology

Acquisition

Domestic

Majority

Completed

Synopsis

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ABB, a technology company in electrification and automation, completed the acquisition of Sevensense Robotics, a provider of AI-enabled 3D vision navigation technology for autonomous mobile robots. Financial terms were not disclosed. “This marks a significant step towards our vision of a workplace where AI-enabled robots assist people, addressing our customers' needs for greater flexibility and intelligence amidst critical skilled labor shortages. Each mobile robot, equipped with vision and AI, scans a unique part of the building; collectively these robots complement each other’s view to form a complete map, enabling them to work autonomously in a rapidly changing environment,” Sami Atiya, ABB President, Robotics and Discrete Automation Business Area.

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