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New Deal


Announced

Completed

US Steel completed the investment in Freespace Robotics.

Financials

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

Tags

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warehouse technology

Industrial Distribution

Acquisition

Domestic

United States

Completed

Private

robotic storage and retrieval

Friendly

Single Bidder

robotics

Minority

Synopsis

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US Steel, an American integrated steel producer, completed the investment in Freespace Robotics, a pioneering manufacturer of robotic storage and retrieval systems. Financial terms were not disclosed. "Investing in Freespace Robotics is another way we’re promoting innovation while supporting the regional economy and its workforce. Given Freespace’s ambitious growth plan rooted right here in our hometown, this investment also underscores how we’re doubling down on the region because we believe in its potential to be a force for innovation in the US and beyond," Christian Gianni, US Steel Senior Vice President & Chief Technology Officer.

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