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News of the week
- Rockwell Automation acquiring AMR developer Clearpath Robotics
- Rockwell Automation said AMRs “are the next frontier in industrial automation and transformation, and this acquisition will supercharge Rockwell’s lead in bringing the connected enterprise to life.
- Follows recent acquisitions:
- This is the latest in a string of AMR-related acquisitions. In late August, Jungheinrich, a Hamburg-based intralogistics company, acquired all shares of Magazino. Jungheinrich has had shares in Magazino since 2020, and in 2022 it increased its ownership to 21.7%. The new deal, to acquire all shares of the company, took effect immediately upon signing. Both parties have agreed to not disclose the purchase price.
- In June 2023, SoftBank Group entered into an agreement to acquire a 41.8% stake of Balyo for about $12.9 million. The companies hope to finalize the deal during the final quarter of 2023. If the deal is finalized, SoftBank wants to “implement a mandatory squeeze-out on the remaining outstanding shares of Balyo” and delist the company, according to a release from Softbank.
- In May 2023, Ocado acquired 6 River Systems from Ocado. Ocado paid just $12.7 million to acquire 6 River Systems. For comparison, Shopify paid $450 million to acquire 6 River Systems in September 2019. Ocado paid roughly 2.8% of what Shopify paid for 6 River.
- Human attacks Cruise robotaxi with a hammer
- In SF, there was a video posted on X of a Cruise robotaxi being vandalized on the street by a masked attacker with a hammer, reminiscent of the Luddites moment at the turn of the last century. Some in the comments said it well: This is an example of “Enoch’s Hammer” – in reference to the Luddite movement.
- Here’s a link to the video on X: https://x.com/BrokeAssStuart/status/1701316471627153626?s=20
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