Rockwell Automation agreed to acquire a Canadian company that makes autonomous mobile robots for industrial settings with model names including Warthog, Jackal, Dingo and Turtlebot.
Rockwell called such robots the next frontier in industrial automation and transformation and said the transaction will supercharge Rockwell’s market share in the category. Rockwell said the robots address the challenges of transporting parts and materials to assembly lines and between manufacturing cells that often result in production bottlenecks.
The Milwaukee-based industrial automation and software firm (NYSE: ROK) didn’t disclose the price it will pay for Clearpath Robotics Inc. of Kitchener, Ontario. Rockwell said it will fund the acquisition with a portion of the proceeds from the company’s August sale of PTC Inc. and expects the Clearpath transaction to close by calendar year-end 2023.
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