# Rockwell Automation completes acquisition of Clearpath Robotics and OTTO Motors

Rockwell Automation completed its acquisition of Clearpath Robotics Inc., the parent company of OTTO Motors, based in Kitchener, Ontario. The acquisition adds OTTO Motors' autonomous mobile robots and Clearpath's development platforms to Rockwell's industrial automation offerings.

- Type: Acquisition
- Announced: 2023-10-25
- Where: Kitchener, Ontario, Canada
- Value: $565.0M
- Status: completed
- Products: autonomous mobile robots, development platforms, fleet management software
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Rockwell Automation](https://endata.com/companies/2401.md) (acquirer)
- [Otto Motors](https://endata.com/companies/16771.md) (target)
- [Clearpath Robotics](https://endata.com/companies/16772.md) (target)

## Sources

- [robotics247.com](https://www.robotics247.com/article/rockwell_automation_discusses_otto_motors_acquisition), 2023-10-25: "Earlier this month, Rockwell completed its acquisition of Kitchener, Ontario-based Clearpath, which makes development platforms, and OTTO."
- [mesures.com](https://www.mesures.com/automatisme/rockwell-acquiert-clearpath-robotics-et-son-offre-de-robots-autonomes/), 2023-11-09: "Rockwell Automation, acteur majeur de l'automatisation industrielle et de la transformation numérique, vient de signer l'accord définitif portant sur l'acquisition de Clearpath Robotics."
- [privatecapitaljournal.com](https://privatecapitaljournal.com/rockwell-automation-paid-us-565m-for-clearpath-robotics/), 2023-11-09: "Rockwell Automation paid approximately US $565 million of cash and up to US $50 million of contingent consideration."

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