Acquisition

Rockwell Automation acquires Clearpath Robotics

Rockwell Automation acquired Kitchener-based Clearpath Robotics and its industrial OTTO Motors division, closing in October 2023 (announced September 5, 2023). Terms were undisclosed officially; press reports put the upfront price at roughly $550-600M, with earn-outs potentially exceeding $600M. The deal brought autonomous material-handling AMRs into Rockwell's industrial-automation portfolio.

full acquisition · Completed · $600.0M (reported, approximate) · verified

Track Rockwell Automation acquires Clearpath Robotics

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Parties

Acquirer: Rockwell Automation
Acquired: Clearpath Robotics

Timeline

Announced: 2023-09-05
Closed: 2023-10-02

Sources (1)

https://www.rockwellautomation.com/en-us/company/news/press-releases/Rockwell-Automation-completes-acquisition-of-autonomous-robotics-leader-Clearpath-Robotics-and-its-industrial-offering-OTTO-Motors.html

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