Partnership

Rockwell Automation acquires Clearpath Robotics / OTTO Motors

Rockwell Automation completed its acquisition of Clearpath Robotics, including its industrial division OTTO Motors, for approximately 09 million (66M cash net plus 3M contingent consideration). The acquisition added autonomous mobile robots to Rockwell's Intelligent Devices portfolio, integrating OTTO's AMR technology with Rockwell's industrial automation platform.

investment · Concluded · operating

Track Rockwell Automation acquires Clearpath Robotics / OTTO Motors

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5fae0c62-94a5-4cb2-94c9-1ab535df1620

Type: investment
Status: Concludedoperating
Announced: 2023-10-02
2.9 years ago
Start: 2023-10-02
2.9 years ago
Active for: 2.9 years

Who’s involved

Rockwell Automationinvestor partner

Industrial automation giant; FactoryTalk suite for robot integration, PLC control, and manufacturing execution. Public company (NYSE: ROK).

HQMilwaukee, WIrockwellautomation.com1 partnerships

Most-frequent partners

OTTO Motors1

OTTO Motorsother

OTTO Motors (now OTTO by [Rockwell Automation](/companies/rockwell-automation)) develops autonomous mobile robots (AMRs) for heavy-payload material handling in factories and warehouses. A division of [Clearpath Robotics](/companies/clearpath-robotics) founded in 2009 by University of Waterloo mechatronics graduates, OTTO Motors launched its first AMR — the [OTTO 1500](/models/otto-motors-otto-1500) — in 2015 and has since deployed some of the largest AMR fleets in North America, including an 83-robot installation for a Fortune 500 CPG manufacturer. Rockwell Automation acquired Clearpath Robotics and OTTO Motors in October 2023 for approximately $609 million.

HQKitchener, Ontario, Canadaottomotors.com2 partnerships

Most-frequent partners

Rockwell Automation1

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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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