Rockwell Automation completes acquisition of autonomous robotics leader Clearpath Robotics and its industrial offering OTTO Motors
- Acquisition of Clearpath Robotics strengthens Rockwell Automation's position in the autonomous robotics market, providing end-to-end production logistics solutions.
- According to Interact Analysis, the market for AMRs in manufacturing is expected to grow 30% per year over the next five years, with an estimated market size of $6.2 billion by 2027.
- This acquisition is expected to contribute to Rockwell's fiscal year 2024 revenue growth.
- None.
Acquisition gives Rockwell end-to-end autonomous production logistics solutions
The acquisition includes Clearpath Robotics’ namesake research division, a leader in developing autonomous technology for the innovation market, and the industrial division OTTO Motors, which provides AMRs, the next frontier in industrial automation and transformation. Both divisions report to Rockwell’s Intelligent Devices operating segment.
“We are delighted to welcome the Clearpath Robotics and OTTO Motors teams to Rockwell,” said Blake Moret, Chairman and CEO, Rockwell Automation. “This acquisition marks a turning point for our customers around the world. Rockwell is simplifying and transforming the difficult yet critical function of material handling throughout the manufacturing plant with an end-to-end production logistics solution. Production logistics is key to optimizing operations across an entire facility and bringing the Connected Enterprise to life.”
OTTO Motors will be featured at Rockwell’s Automation Fair, the world’s premier industrial automation and digital transformation event, Nov. 6-9 in
According to Interact Analysis, the market for AMRs in manufacturing is expected to grow about
“Not only do AMRs connect islands of automation; they are often one of the final major elements that help manufacturers achieve autonomous production logistics, enabling significant value creation for the manufacturer and their customers,” said Amar Mehta, EY Americas Strategy and Transactions Advanced Manufacturing Leader. “Rockwell is a leader in the key hardware, software, and services that are needed to integrate AMRs into a manufacturing plant. With this acquisition, Rockwell enhances its ability to take manufacturers on a full end-to-end digital transformation for their production environments."
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in
OTTO Motors by Rockwell Automation
OTTO Motors by Rockwell Automation is a global leader in autonomous technology for material handling inside manufacturing and warehouse facilities. With over five million hours of production experience, OTTO autonomous mobile robots (AMRs) are trusted in mission-critical operations for some of the world’s most recognized brands. OTTO Motors was recognized as one of Fast Company’s Most Innovative Robotics Companies of 2023. For more information, visit ottomotors.com.
Clearpath Robotics by Rockwell Automation
Clearpath Robotics by Rockwell Automation is a global leader in unmanned vehicle robotics for research and development, and provides hardware, software, and services to enable mobile robotics product deployment and operation. Clearpath works with over 500 of the world’s most innovative brands in over 40 countries, serving markets that span mining, military, agriculture, aerospace, and academia. Clearpath was recognized as a Robotics Business Review’s RBR50 Robotics Innovation Awards 2023 Winner. For more information, visit clearpathrobotics.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231002758377/en/
Media contact:
Ed Moreland
Head of Government Affairs and External Communications
+1 571-296-0391
edward.moreland@rockwellautomation.com
Investor Relations contact:
Aijana Zellner
Head of Investor Relations and Market Strategy
+1 414-382-8510
azellner@rockwellautomation.com
Source: Rockwell Automation, Inc.