# 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.

- Type: Acquisition
- Announced: 2017-08-15
- Where: Pittsburgh, Pennsylvania, United States
- Value: $36.0M
- Status: completed
- Products: mobile logistics robots, TUG autonomous mobile robot
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Aethon, Inc.](https://endata.com/companies/17405.md) (target)
- [ST Engineering](https://endata.com/companies/17517.md) (acquirer)

## Sources

- [therobotreport.com](https://www.therobotreport.com/st-engineering-expands-robotics-portfolio-by-acquiring-aethon/), 2017-08-15: "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."

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