ST Engineering acquires Aethon for $36 million

Singapore-based ST Engineering acquired Pittsburgh-based Aethon, a maker of mobile robots for materials handling, for $36 million. Aethon will operate as part of ST Kinetics division.

“We're now part of a multi-billion-dollar company. The resources and capital to really grow and accelerate are fantastic now, and we're going to take advantage of it.”therobotreport.com

• 1 source
• therobotreport.comST Engineering Expands Robotics Portfolio by Acquiring Aethon - The Robot ReportMike OitzmanAug 15, 2017

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