Kodiak Robotics to Go Public Via Business Combination With Ares Acquisition Corporation II

Embark Trucks to Go Public via Merger with Northern Genesis Acquisition Corp. II

June 23, 2021

Cloud & SaaS

Embark Trucks, an autonomous trucking software-as-a-service company, entered into a definitive business combination agreement with Northern Genesis Acquisition Corp. II (a SPAC) to become a publicly listed company. The deal is expected to provide approximately $614 million in gross cash proceeds, including cash in trust and a $200 million fully committed PIPE led by major anchor investors.

Automated Industrial Robotics (AIR) Acquires KAON Automation

January 9, 2026

Industrial Services

Automated Industrial Robotics Inc. (AIR), a PE-backed industrial automation platform supported by Ares private equity funds, has acquired KAON Automation, an Ireland-based provider of bespoke automation systems for medical and life sciences manufacturers. The deal expands AIR’s capabilities in precision assembly, aseptic high-speed filling and end-of-line automation while strengthening its footprint in Ireland and the broader medical/life sciences end markets.

AeroVironment to Acquire Tomahawk Robotics for $120 Million

August 22, 2023

AI & Machine Learning

AeroVironment announced its anticipated acquisition of Tomahawk Robotics, acquiring 100% of Tomahawk Robotics’ equity for a total purchase price of $120 million paid in a mix of cash and stock. The deal is intended to deepen integration between AeroVironment’s unmanned systems and Tomahawk Robotics’ AI-enabled robotic control technology to improve interoperability across connected unmanned systems.

Arctic Wolf Announces Intent to Acquire Revelstoke

October 10, 2023

Cybersecurity

Arctic Wolf announced its intent to acquire Revelstoke, a creator of a SOAR platform built on a Unified Data Layer, to accelerate security operations automation and AI-driven response. The acquisition will integrate Revelstoke's SOAR capabilities into the Arctic Wolf Security Operations Cloud to improve detection-to-response workflows, expand integrations, and reduce alert noise for customers.

AeroVironment Acquires Arcturus UAV for $405M

January 13, 2021

Aerospace & Defense

AeroVironment, Inc. (NASDAQ: AVAV) will acquire Arcturus UAV, Inc., a Petaluma, California–based developer and manufacturer of Group 2 and 3 unmanned aircraft systems, for a total purchase price of $405 million (approximately $355 million cash and $50 million in AeroVironment stock). The acquisition expands AeroVironment's product portfolio into higher-value Group 2 and 3 UAS segments, adds Arcturus’s ~270 employees and COCO services capability, and is expected to be accretive to adjusted EBITDA and GAAP EPS in fiscal 2022.

Roboyo Acquires AKOA

June 1, 2021

AI & Machine Learning

Roboyo, backed by private equity firm MML Capital, has acquired AKOA (formerly NEW Innovation Management) to create a larger global intelligent automation professional services firm. The combination expands Roboyo’s geographic presence and technical capabilities, resulting in an enlarged firm with roughly 230 employees across 16 cities in nine countries.