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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