Symbotic Acquires Veo Robotics' FreeMove Assets

August 9, 2024

Symbotic Inc. (Nasdaq: SYM) acquired substantially all of the assets of Veo Robotics, including the FreeMove 3D depth-sensing computer vision system and related IP, in an $8.7 million asset purchase that closed July 19, 2024. Symbotic will integrate FreeMove into its warehouse robotics platform to enhance safety, enable more flexible human-machine collaboration, and expand its capabilities in dynamic, vision-guided workcells.

Buyers
Symbotic Inc.
Targets
Veo Robotics, Inc.
Sellers
Veo Robotics, Inc.
Industry
Manufacturing
Location
Massachusetts, United States
Transaction Type
Buyout

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