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acquisition

AMD given approval to acquire Xilinx

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Semiconductor giant AMD says it has received approval from “all necessary authorities” to proceed with the acquisition of Xilinx, a chip maker which specialises in the industrial sector.

With the exception of the remaining customary closing conditions, all conditions to the transaction closing have been satisfied and the company expects the transaction to close on or about February 14, 2022.

AMD announced its intention to acquire Xilinx in an all-stock transaction on October 27, 2020. [Read more…] about AMD given approval to acquire Xilinx

BlueBotics acquired by Zapi Group

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BlueBotics, a developer of navigation systems for automated guided vehicles and autonomous mobile robots, has been acquired by Zapi Group.

Zapi is a global provider of electrification and manufacturer of electronic speed controllers, electric motors, battery chargers, and associated products for electric and hybrid vehicles.

Zapi’s acquisition includes the shares held by investor Forestay Capital. The transaction was closed on December 21, 2021, but no financial details have yet been disclosed. [Read more…] about BlueBotics acquired by Zapi Group

Sarcos Robotics ‘merges’ with Rotor Acquisition

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Shareholders in Rotor Acquisition, a publicly-traded special-purpose acquisition company, have approved what’s being described as a “business combination” – possibly meaning a merger – with Sarcos Robotics, a maker of exoskeletons.

Upon completion of the transaction, subject to the satisfaction of certain customary closing conditions, Rotor will change its name to Sarcos Technology and Robotics Corporation.

The post-closing company’s common stock and warrants are expected to commence trading on the Nasdaq under the ticker symbols “STRC” and “STRCW” respectively. [Read more…] about Sarcos Robotics ‘merges’ with Rotor Acquisition

Welding and automation integration company Central McGowan completes its third acquisition of the year

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Central McGowan, a supplier of gases and technology for manufacturing the upper Midwest and a Fanuc- and Lincoln-authorized integrator, has completed the acquisition of Preferred Welder Sales in Mankato, Minnesota – bringing its acquisition roster for 2021 to three. 

The company acquired Metro Welding Supply in Minneapolis, Minnesota. in April and Fessler Carbonic Gas in Des Moines, Iowa in March.

According to Joe Francis, president/CEO, these acquisitions complement Central McGowan’s current business while strengthening its presence in key market areas. All three of these companies were independently operated, highly successful businesses with owners seeking to retire and wanting a way to continue what they each started. [Read more…] about Welding and automation integration company Central McGowan completes its third acquisition of the year

Locus Robotics acquires Waypoint Robotics

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Locus Robotics, a provider of autonomous mobile robots for fulfillment warehouses, has acquired Waypoint Robotics, a builder of omnidirectional mobile robots. Financial details were not disclosed.

Rick Faulk, CEO of Locus Robotics, says: “Locus is the proven leader in the development of highly productive and innovative AMR technology that efficiently solves our customers’ needs for total warehouse optimization.

“As order fulfillment and labor shortages continue to grow around the world, the acquisition of Waypoint Robotics will accelerate our ability to meet these global needs in just months rather than years, helping us drive the digital transformation of the warehouse.” [Read more…] about Locus Robotics acquires Waypoint Robotics

DroneDeploy acquires Rocos to ‘accelerate job site automation’

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DroneDeploy, a mapping and drone data specialist, has acquired Rocos, a New Zealand-based robotics software company.

The acquisition will enable DroneDeploy customers in construction, energy, agriculture, and more to deploy and orchestrate both aerial and ground robots on their job sites.

This acquisition will make physical workflow automation possible, creating more efficient and safer workplaces. [Read more…] about DroneDeploy acquires Rocos to ‘accelerate job site automation’

Toyota ‘accelerating’ its autonomous vehicle plans with Lyft’s Level 5 acquisition

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Toyota is accelerating its autonomous vehicle plans through its acquisition of Lyft’s Level 5, according to research company GlobalData. 

Toyota Motor’s tech investment arm, Woven Planet Holdings, has agreed to acquire shared mobility giant Lyft’s self-driving vehicle division Level 5 for $550 million.

In response to the news, Bakar Sadik Agwan, senior automotive consulting analyst at GlobalData, offers her analysis. [Read more…] about Toyota ‘accelerating’ its autonomous vehicle plans with Lyft’s Level 5 acquisition

Uber completes acquisition of delivery robot startup Postmates

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Uber Technologies has completed the acquisition of delivery robot startup Postmates in an all-stock transaction.

The two companies have begun the process of integrating US operations.

The transaction brings together Uber’s global Mobility and Delivery platform with Postmates’ business in the US to strengthen the delivery of food, groceries, essentials, and other goods. [Read more…] about Uber completes acquisition of delivery robot startup Postmates

Hyundai’s acquisition of Boston Dynamics can reinforce its position in smart mobility, says GlobalData

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Hyundai Motor Group has agreed to acquire approximately 80 percent stake in American engineering and robotics design company Boston Dynamics from SoftBank Group for $1.1bn.

The move can fuel Hyundai’s long-term goal to become a smart mobility solutions provider by leveraging Boston Dynamics’ robots such as bipedal and quadruped equipped with 3D vision, navigation and advanced intelligence, says data and analytics company GlobalData.

Venkata Naveen, senior disruptive tech analyst at GlobalData, says: “Hyundai’s move to acquire major stake in Boston Dynamics polarizes with many automakers competing to add their name to the me-too stack of autonomous carmakers by purchasing self-driving tech startups. [Read more…] about Hyundai’s acquisition of Boston Dynamics can reinforce its position in smart mobility, says GlobalData

PTC to acquire product lifecycle management provider Arena Solutions

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Computer-aided design specialist PTC has signed a definitive agreement to acquire Arena Solutions, a software as a service (SaaS) product lifecycle management (PLM) platform provider.

The acquisition will further PTC’s strategy to be the leader in the rapidly-growing market for SaaS-based product development software, enabling the company to deliver a complete CAD + PLM SaaS solution.

Under the terms of the agreement, PTC will acquire Arena Solutions for $715 million in cash. Subject to customary closing conditions and completion of regulatory review, the acquisition is expected to be completed in PTC’s fiscal Q2 2021. [Read more…] about PTC to acquire product lifecycle management provider Arena Solutions