# Rockwell Automation acquires Clearpath Robotics: acquisition

Canonical ID: `bdc209e1-5198-41c4-86f9-5b06ad6a479a`

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.

- **Structure:** full acquisition
- **Status:** completed
- **Valuation:** $600.0M (reported, approximate)
- **Verification posture:** verified

## Parties

- **Acquirer:** [Rockwell Automation](https://registry.deploy.report/companies/rockwell-automation.md)
- **Acquired:** [Clearpath Robotics](https://registry.deploy.report/companies/clearpath-robotics.md)

## Timeline

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

## Sources (1)

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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