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Automation and Roboticsworld trade 2024+4.2% 5Y CAGR

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Jul 17, 2017ACQUISITIONUnited States

ST Engineering acquires robotics firm Aethon for $36M

Singapore Technologies Engineering Ltd (ST Engineering) announced that its subsidiary Vision Technologies Land Systems, Inc. has entered into a definitive agreement to acquire 100% interest in Aethon, Inc., a provider of autonomous mobile robots, for an enterprise value of US$36 million. The acquisition will be merged with VT Robotics and become part of ST Kinetics.

Value

$36.0M

Status

Announced

Productsautonomous mobile robots for material transportation and delivery

CompaniesSingapore Technologies Engineering Ltd acquirer Vision Technologies Land Systems, Inc. acquirer Aethon, Inc. target

Sectors#Automation and Robotics #Material Handling

“This acquisition will be carried out by way of a merger... a consideration based on an enterprise value of US$36m (approximately $50m) will be payable by VTLS.”sg.finance.yahoo.com

1 source
sg.finance.yahoo.comST Engineering acquires robotics firm AethonSingapore Business ReviewJul 18, 2017

Summarized from public sources; check the original articles before acting on it.

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