Rockwell buys Clearpath including its AMR company OTTO Motors
Rockwell Automationhas acquired Ontario, Canada-based Clearpath Robotics, known for its prowess in autonomous robotics, including autonomous mobile robots (AMRs) for industrial applications.
This acquisition also encompasses Clearpath Robotics' industrial division, OTTO Motors, renowned for providing cutting-edge AMR Robotics .
The strategic integration of Clearpath Robotics and OTTO Motors into Rockwell Automation aligns with the company's vision of enhancing its capabilities in autonomous production logistics solutions.
By acquiring these divisions, Rockwell Automation is not only expanding its portfolio but also reinforcing its position as a frontrunner in the integration of AMRs into manufacturing environments.
The significance of this acquisition can be seen in the broader context of the AMR market in manufacturing, which is projected to grow approximately 30% annually over the next five years, reaching an estimated market size of $6.2 billion by 2027.
This trend underscores the increasing demand for AMRs in manufacturing settings, where they play a pivotal role in connecting disparate automation systems and achieving autonomous production logistics.
OTTO Motors, recognized as one of Fast Company’s Most Innovative Robotics Companies of 2023, brings to the table over five million hours of production experience. Its AMRs are trusted for mission-critical operations by some of the world’s most recognized brands.
Clearpath Robotics, on the other hand, has established itself as a global leader in unmanned vehicle robotics for research and development. The company collaborates with over 500 of the world’s innovative brands across various sectors, including mining, military, agriculture, aerospace, and academia.
The integration of these entities under Rockwell Automation is expected to contribute significantly to the company's fiscal year 2024 revenue growth.
This acquisition not only signifies a turning point for Rockwell Automation’s customers worldwide but also marks a major milestone in the journey towards fully autonomous production logistics.
It reflects Rockwell Automation's commitment to simplifying and transforming critical functions in manufacturing through innovative technological solutions.
By bringing these companies into its fold, Rockwell Automation is poised to provide an even more comprehensive range of solutions and services.
This acquisition is set to enhance the company’s ability to guide manufacturers through a complete end-to-end digital transformation of their production environments, leveraging the advanced capabilities of AMRs.
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