Symbotic Acquires Veo Robotics' FreeMove Assets
August 9, 2024
Symbotic Inc. (Nasdaq: SYM) acquired substantially all of the assets of Veo Robotics, including the FreeMove 3D depth-sensing computer vision system and related IP, in an $8.7 million asset purchase that closed July 19, 2024. Symbotic will integrate FreeMove into its warehouse robotics platform to enhance safety, enable more flexible human-machine collaboration, and expand its capabilities in dynamic, vision-guided workcells.
- Buyers
- Symbotic Inc.
- Targets
- Veo Robotics, Inc.
- Sellers
- Veo Robotics, Inc.
- Industry
- Manufacturing
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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