# 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.

- Type: Acquisition
- Announced: 2017-07-17
- Where: United States
- Value: $36.0M
- Status: announced
- Products: autonomous mobile robots for material transportation and delivery
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Singapore Technologies Engineering Ltd](https://endata.com/companies/17403.md) (acquirer)
- [Vision Technologies Land Systems, Inc.](https://endata.com/companies/17404.md) (acquirer)
- [Aethon, Inc.](https://endata.com/companies/17405.md) (target)

## Sources

- [sg.finance.yahoo.com](https://sg.finance.yahoo.com/news/st-engineering-acquires-robotics-firm-023300031.html), 2017-07-18: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.