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
Explore More
Related Acquisitions
-
LG Electronics Acquires Majority Stake in Bear Robotics
January 24, 2025
Manufacturing
LG Electronics has exercised a call option to acquire an additional 30% of Bear Robotics, increasing its ownership to a controlling 51% stake after an initial $60 million investment in March 2024. The move brings Bear Robotics into LG's robotics fold to accelerate AI-driven commercial, home and industrial robot development and integrate LG's commercial robot business with Bear Robotics' platform and fleet-management capabilities.
-
HL Robotics Acquires Stanley Robotics
October 14, 2024
IT Services
HL Robotics, a subsidiary of HL Holdings, has signed an agreement to acquire Stanley Robotics, an automated outdoor valet parking robot company. The deal is expected to be completed before year-end, subject to approval from the relevant authorities.
-
ABB Acquires ASTI Mobile Robotics from Keensight Capital
July 20, 2021
Manufacturing
ABB has agreed to acquire ASTI Mobile Robotics from Keensight Capital and ASTI founder Verónica Pascual Boé. ASTI, founded in 1982 and headquartered in Spain with more than 300 employees across Spain, France and Germany, is a leading manufacturer of autonomous mobile robots (AMRs) and related software; ABB will integrate ASTI’s AMR portfolio into its robotics and automation offering to expand its capabilities.
-
Hyundai Motor Group Acquires Controlling Stake in Boston Dynamics from SoftBank
June 21, 2021
Manufacturing
Hyundai Motor Group acquired an 80% controlling interest in Boston Dynamics from SoftBank, valuing the mobile-robotics company at about US$1.1 billion. The acquisition is intended to accelerate Hyundai's transformation into a smart mobility solutions provider by integrating Boston Dynamics' advanced robotics capabilities across manufacturing, logistics and automation applications.
-
ASTI Mobile Robotics Group Acquires InSystems Automation
October 10, 2019
Transportation
ASTI Mobile Robotics Group has completed a full acquisition of Germany-based InSystems Automation GmbH, integrating its proANT mobile-robot product line and team. The deal expands ASTI's AGV and mobile robotics portfolio, strengthens its presence in the DACH region and the United States, and increases the group workforce to over 300 employees.
-
Daimler Trucks Acquires Majority Stake in Torc Robotics
March 29, 2019
Automotive
Daimler Trucks (via Daimler Trucks and Buses Holding Inc., a subsidiary of Daimler AG) agreed to acquire a majority stake in Torc Robotics to accelerate commercialization of SAE Level 4 automated trucks. Torc will remain a separate entity in Blacksburg, Virginia, continue developing its Asimov self-driving software and work closely with Daimler's R&D teams in Portland and globally.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.