STIHL (STIHL Digital) Acquires 23.8% Stake in TinyMobileRobots
February 2, 2022
German industrial group STIHL, via its corporate venture arm STIHL Digital, has acquired a 23.8% minority stake in Danish robotics maker TinyMobileRobots, buying out a state-funded investment managed by Borean Innovation. The investment is intended to accelerate TinyMobileRobots' international growth and leverage STIHL's global dealer network to expand distribution across sports, construction and agriculture end markets.
- Buyers
- STIHL (STIHL Digital)
- Targets
- TinyMobileRobots
- Sellers
- Borean Innovation, Danish Government (state-funded investment)
- Industry
- Manufacturing
- Location
- Central Denmark Region, Denmark
- Transaction Type
- Growth capital
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