The Toro Company Acquires Left Hand Robotics, Inc.

Rhea-AI Summary

The Toro Company (NYSE: TTC) has acquired Left Hand Robotics, strengthening its position in next-gen technologies including autonomous products. Based in Longmont, Colorado, Left Hand Robotics specializes in innovative autonomous solutions for turf and snow management. Their advanced navigation software aims to enhance operational efficiency for contractors and grounds managers. The transaction details remain undisclosed. Toro, with $3.4 billion in sales for fiscal 2020, operates globally in over 125 countries, providing various outdoor solutions.

Positive

• Acquisition positions Toro as a leader in autonomous technology.
• Left Hand’s innovative solutions may enhance Toro’s product offerings and operational efficiency.

Negative

• None.

The Toro Company (NYSE: TTC) today announced that it has acquired Left Hand Robotics, Inc. The acquisition supports The Toro Company’s strategy of leadership in next generation technologies, including alternative power, smart connected, and autonomous products. Terms of the transaction were not disclosed.

Based in Longmont, Colorado, Left Hand Robotics is recognized for developing innovative autonomous solutions for turf and snow management. Its patent-pending software and advanced technologies for autonomous navigation are designed to provide professional contractors and grounds managers with future solutions to improve their operational efficiency and tackle outdoor tasks with precision.

About The Toro Company
The Toro Company (NYSE: TTC) is a leading worldwide provider of innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With sales of $3.4 billion in fiscal 2020, The Toro Company’s global presence extends to more than 125 countries through a family of brands that includes Toro, Ditch Witch, Exmark, BOSS Snowplow, American Augers, Subsite Electronics, HammerHead, Trencor, Unique Lighting Systems, Irritrol, Hayter, Pope, Perrot, Lawn-Boy and Radius HDD. Through constant innovation and caring relationships built on trust and integrity, The Toro Company and its family of brands have built a legacy of excellence by helping customers work on golf courses, sports fields, construction sites, public green spaces, commercial and residential properties and agricultural operations. For more information, visit www.thetorocompany.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210302005210/en/

FAQ

What is the purpose of Toro's acquisition of Left Hand Robotics?

The acquisition aims to enhance Toro's leadership in next-gen technologies, particularly in autonomous products.

What are the financial details of the Toro and Left Hand Robotics acquisition?

The terms of the transaction were not disclosed.

How does Left Hand Robotics contribute to Toro's portfolio?

Left Hand Robotics specializes in autonomous solutions for turf and snow management, improving operational efficiency for contractors.

What is Toro's sales figure for fiscal 2020?

Toro reported sales of $3.4 billion in fiscal 2020.

In how many countries does Toro operate?

Toro operates in over 125 countries worldwide.