Rockwell Automation Acquires Clearpath Robotics (OTTO Motors)
September 5, 2023
Rockwell Automation signed a definitive agreement to acquire Clearpath Robotics Inc., the Ontario-based developer of autonomous mobile robots (AMRs) and OTTO Motors fleet management software, to accelerate its autonomous production logistics capabilities. The deal, funded in part from proceeds of Rockwell's sale of its PTC stake, is subject to regulatory approval and is expected to close in Rockwell's fiscal Q1 2024; Clearpath will report to Rockwell's Intelligent Devices segment.
- Buyers
- Rockwell Automation, Inc.
- Targets
- Clearpath Robotics Inc. (including OTTO Motors division)
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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