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We coated 25 acquisitions in 2023, which was down considerably from the 50 we coated in 2022. Under are eight robotics acquisitions, in chronological order, that stood out to us in 2023. Right here’s a glance again on the notable acquisitions of 2022 and 2021.
Notice that there’s one main acquisition nonetheless pending from 2022. Amazon introduced in August 2022 its intent to accumulate iRobot for $1.7 billion. The deal was rapidly placed on maintain in September 2022, when the U.S. Federal Commerce Fee formally began an antitrust investigation. In late November 2023, the European Fee shared an replace on its investigation into the deal. Its preliminary view is the acquisition might limit competitors available in the market for robotic vacuum cleaners. The European Fee’s issues with the merger focus on Amazon’s means to throttle iRobots’ competitors in its on-line market. A ultimate resolution on the deal is anticipated by Feb. 14.
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John Deere acquires SparkAI
Date Introduced: March 6
Quantity: Undisclosed
John Deere acquired SparkAI, a New York-based startup that develops human-in-the-loop expertise to assist robots resolve edge circumstances in actual time. John Deere, which has developed autonomous tractors, was a SparkAI buyer for just a few years earlier than the acquisition. The monetary phrases of the deal weren’t disclosed.
SparkAI’s position within the workflow is to not take over management and remotely pilot the autonomous tractor. SparkAI gives contextual cues that the autonomous tractor is typically lacking to make assured choices.
“Spark goes to expedite all the things we do. We’re going to have the ability to ship merchandise sooner and at increased high quality with much less work,” mentioned Willy Pell, VP of autonomy and new ventures at Blue River Expertise, an organization John Deere acquired in 2017. “Once we automate away the chunks of human intervention, we’ll achieve this with nice datasets that characterize the issue throughout many conditions and environments. And all of the whereas we can be delivering worth to the shoppers and studying extra about our expertise and the setting. After which we’ll apply that cognition to the subsequent space of development.”
Berkshire Gray joins Softbank
Date Introduced: March 27
Quantity: $375 million
Softbank has made a number of robotics investments over time that didn’t pan out. In 2023, nevertheless, it made no less than two warehouse automation-related acquisitions that seem like safer bets. The primary deal got here in March when it acquired Berkshire Gray for $375 million in money. Berkshire Gray produces quite a lot of robots that handle use circumstances in retail, eCommerce, grocery, 3PL, and bundle dealing with corporations. Berkshire Gray had struggled financially after going public by way of a SPAC in 2021.
Earlier than the acquisition, the 2 corporations had been conversant in each other. In January 2020, Softbank participated in Berkshire Gray’s $263 million Sequence B financing spherical.
Particulars on the second necessary acquisition for Softbank could be discovered additional down on this story.
Shopify offloads 6 River Methods to Ocado
Date Introduced: Could 4
Quantity: $12.7M
Information of UK grocer Ocado buying 6 River Methods broke on the morning of Could 4. This got here as a shock to most within the business. However surprising particulars of the acquisition had been made public in Ocado’s mid-year report.
Ocado revealed it paid Shopify a measly $12.7 million for six River Methods, which makes autonomous cell robots (AMRs) for logistics functions. For context, Shopify paid $450 million to accumulate 6 River Methods in September 2019. Ocado paid roughly 2.8% of what Shopify paid for six River.
6 River Methods’ Chuck autonomous cell robots. | Supply: 6 River Methods
Struggling a $437.3 million loss can’t be good, even when you’re attempting to dump a enterprise that’s now not a part of future plans. In its mid-year report, Ocado mentioned the 6 River enterprise “has a very good shopper listing, is debt-free, money circulation constructive, and generates constructive EBITDA.” Shopify offloaded 6 River as a part of a shift in technique.
The 6 River acquisition provides a brand new sort of robotic to Ocado’s portfolio – AMRs. Ocado has developed its personal ASRS for years for its on-line grocery enterprise. Ocado lately gained a lawsuit towards fellow ASRS developer AutoStore, through which AutoStore should pay Ocado a $256 million settlement over two years.
Softbank acquires Balyo
Date Introduced: June 16
Quantity: $13M
Softbank acquired a controlling stake in Balyo for about $13 million. Based mostly in France, Balyo has practically 20 years of robotics expertise. Balyo now has entry to SoftBank’s international community of over 470 technology-led corporations, permitting it to develop new business relationships.
Extra importantly, Balyo’s portfolio of robotic forklift applied sciences strengthens SoftBank’s current investments in logistics automation. Along with the aforementioned acquisition of Berkshire Gray, Softbank in April 2021 purchased a 40% stake in ASRS maker AutoStore for $2.8 billion. AutoStore generated $149.2 million in income through the first quarter of 2023. That represented 21.1% development year-over-year.
Softbank’s logistics robotics portfolio consists of AutoStore, Balyo, and Berkshire Gray. Not a foul begin.
Rockwell Automation buys AMR developer Clearpath Robotics
Date Introduced: September 6
Quantity: $600M
Rockwell Automation shopping for Clearpath Robotics, and its OTTO Motors division, for greater than $600 million is arguably essentially the most important acquisition of 2023. The sticker value is actually memorable, however that is additionally noteworthy due to how necessary Rockwell Automation is within the industrial automation area. This deal is a serious endorsement of AMRs.
Ontario, Canada-based Clearpath develops AMRs for analysis and growth functions. OTTO Motors, a division of Clearpath, develops AMRs for manufacturing and logistics functions. When saying the deal, Rockwell Automation mentioned AMRs “are the subsequent frontier in industrial automation and transformation, and this acquisition will supercharge Rockwell’s lead in bringing the related enterprise to life.”
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“The mixture of autonomous robots and PLC-based line management has lengthy been a dream of plant managers in industries as numerous as automotive and client packaged items,” mentioned Blake Moret, chairman and CEO, Rockwell Automation. “With Clearpath, Rockwell is uniquely positioned to make that dream a actuality throughout nearly all discrete and hybrid verticals, optimizing planning, operations, and the workforce.”
Agile Robots acquires Franka Emika
Date Introduced: November 13
Quantity: $32M
Agile Robots swooped in and saved Franka Emika from insolvency in November. Agile mentioned it is going to take over Franka Emika’s operations, protecting its roughly 100-person workers with plans to develop the corporate. Two months earlier than this deal, Franka Emika cited “irreconcilable shareholder variations” as the explanation it filed for insolvency.
Each corporations are primarily based in Germany and develop collaborative robotic arms for analysis and training and industrial makes use of. Agile Robots was based on the German Aerospace Heart (DLR) in 2018.
“This transaction permits us to speed up the implementation of our worldwide development technique,” Rory Sexton, vp of operations at Agile Robots, mentioned. “The mixture of sturdy AI and software program experience with main robotics expertise strengthens our innovation energy and our means to develop demand-driven and market-ready merchandise. That is good for our location, for the groups, and for the shoppers of each corporations.”
LIG Nex1 acquires quadruped maker Ghost Robotics
Date Introduced: December 8
Quantity: $240M
LIG Nex1, a South Korean aerospace producer and protection firm, is buying a controlling stake in Ghost Robotics for $240 million. Philadelphia-based Ghost Robotics develops quadrupeds for the U.S. army and its allies, in addition to industrial prospects.
Regardless of moral debates, robots in army and homeland safety functions promise to enhance effectivity and save lives. In March 2022, the U.S. Division of Protection specified coverage, assigned obligations and offered procedures for automated weapons platforms.
A couple of yr in the past, Hyundai-owned Boston Dynamics filed a patent-infringement lawsuit towards Ghost Robotics, which replied on the time that its programs are primarily based on authentic analysis. That case continues to be pending.
Robotic lawnmower maker Electrical Sheep Robotics buys landscaping corporations
Quantity: Undisclosed
Electrical Sheep Robotics made maybe essentially the most fascinating acquisitions of 2023. San Francisco-based Electrical Sheep Robotics launched in 2019 as a developer of robotic lawnmowers for business landscapers. In 2023, it acquired 4 business landscaping companies – Caliscapes, Full Landscaping, Phenix Panorama and Westar Landscaping. Monetary phrases of the offers weren’t disclosed.
That is a part of a long-term technique for Electrical Sheep. It needs to accumulate worthwhile landscaping companies and enhance their profitability and effectivity by including robotic lawnmowers into their current workflows.
“The ESR [Electric Sheep Robotics] enterprise mannequin of buying landscaping companies and bettering their margins by augmenting staff with automation is radically modern, and a sustainable, quickly scalable method to construct moonshot robotics,” mentioned Pieter Abbeel, professor in AI and Robotics at UC Berkeley, co-founder and chief scientist at Covariant, and long-time scientific advisor to Electrical Sheep. “As this mannequin scales, ESR is poised to construct an RL manufacturing facility to coach AI brokers for sustainable out of doors work. I’m excited to help their mission.”
“Our intent is to roll this as much as tons of of thousands and thousands, to virtually a billion {dollars}, in income and deploy on the scale of tens of hundreds of robots as a result of we imagine that the subsequent shift in robotics should occur with this progressive automation and reinforcement studying performed as much as that scale,” Murty informed The Robotic Report in October.
