Rockwell Automation Enters Agreement to Acquire Clearpath Robotics, an Autonomous Robotics Pioneer
Introduction:
Rockwell Automation, the global leader in industrial automation and digital transformation, has signed an agreement to acquire Clearpath Robotics, a leader in autonomous robotics for industrial applications. This acquisition will enhance Rockwell’s end-to-end autonomous production logistics solutions, improving manufacturing efficiency and safety. The addition of Clearpath’s autonomous mobile robots (AMRs) and fleet management software will create a comprehensive portfolio of advanced material handling solutions. This move aligns with the growing market for AMRs in manufacturing, which is expected to reach $6.2 billion by 2027.
Full News:
Rockwell Automation to Acquire Clearpath Robotics, Boosting Autonomous Production Logistics Solutions
MILWAUKEE – In a move to accelerate its end-to-end autonomous production logistics solutions, Rockwell Automation, Inc. has announced its definitive agreement to acquire Clearpath Robotics Inc., a Canadian leader in autonomous robotics for industrial applications. This acquisition positions Rockwell as a frontrunner in the industrial automation and digital transformation space, bringing the concept of the Connected Enterprise to life.
The Potential of Autonomous Mobile Robots
One of the most challenging and inefficient tasks in the manufacturing industry is the transportation of parts and materials between assembly lines and manufacturing cells. This often leads to production bottlenecks. However, with the emergence of autonomous mobile robots (AMRs), the workflow throughout a manufacturing plant can be transformed, resulting in substantial cost reductions and greater operational efficiency.
Clearpath Robotics Inc.’s OTTO Motors Division offers AMRs and fleet management and navigation software, revolutionizing material handling and logistics. The use of these robots and software ensures that components and subassemblies are always in the right place at the right time, and that finished goods are transported to trucks or warehouses upon completion.
By combining Clearpath Robotics’ AMR capabilities with Rockwell’s existing offerings in fixed robotic arms, Independent Cart Technology, and programmable logic controllers (PLCs), Rockwell will create an unparalleled portfolio of advanced material handling solutions in the industry.
The Growth of the AMR Market
According to Interact Analysis, the market for AMRs in manufacturing is projected to grow by 30% annually over the next five years, reaching an estimated value of $6.2 billion by 2027. With this acquisition, Rockwell expects to experience significant revenue growth in fiscal year 2024.
“Rockwell and Clearpath together will simplify the difficult and labor-intensive task of moving materials and product through an orchestrated and safe system to optimize operations throughout the entire manufacturing facility,” said Blake Moret, Chairman and CEO of Rockwell Automation. “The combination of autonomous robots and PLC-based line control has long been a dream of plant managers in industries as diverse as automotive and consumer packaged goods. With Clearpath, Rockwell is uniquely positioned to make that dream a reality across virtually all discrete and hybrid verticals, optimizing planning, operations, and the workforce.”
The Role of Artificial Intelligence in Manufacturing
The data captured from Rockwell’s offerings and Clearpath’s AMRs will be utilized in artificial intelligence-powered Software as a Service information management applications, including Rockwell’s Plex and Fiix businesses. This unified solution will enable manufacturing companies to achieve autonomous execution, optimization, traceability, and real-time adjustments. Additionally, Kalypso’s production logistics consulting practice will be amplified with this technology collaboration.
“Industrial customers are under ever-increasing pressure to do more with less. Autonomous production logistics is becoming a necessity to meet targets and stay competitive. We are excited to join Rockwell and help expand their leadership position in advanced material handling,” said Matt Rendall, co-founder and CEO of Clearpath. “Together, we will create safer and more productive workplaces with autonomous technology.”
Clearpath Robotics’ Journey to Success
Established in 2009, Clearpath initially specialized in providing robotics technology to the global research and development markets. In 2015, the company launched its OTTO Motors Division, focusing on industrial applications for AMRs.
Financial Details and Timeline
The acquisition of Clearpath Robotics will be funded by a portion of the proceeds from Rockwell’s sale of its investment in PTC. The transaction is subject to customary regulatory approval and is anticipated to be completed in the first quarter of Rockwell’s fiscal year 2024. Following the acquisition, Clearpath will report to Rockwell’s Intelligent Devices operating segment.
Goldman Sachs & Co. LLC acted as Rockwell’s financial advisor for this transaction.
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK) is a global leader in industrial automation and digital transformation. With headquarters in Milwaukee, Wisconsin, Rockwell Automation employs approximately 28,000 problem solvers dedicated to delivering innovative solutions to customers in over 100 countries. The company aims to expand what is humanly possible by connecting people’s imaginations with the potential of technology, making the world more productive and sustainable.
About Clearpath Robotics
Clearpath Robotics Inc. is a prominent player in the global autonomous technology industry. The company serves numerous innovative brands through its research division and industrial division, OTTO Motors. Clearpath Robotics strives to automate hazardous, dirty, and monotonous tasks with its Autonomous Mobile Robots, creating safer and more productive work environments. Based in Waterloo, Ontario, the company was recognized as one of Fast Company’s Most Innovative Companies for 2023.
Conclusion:
Rockwell Automation, the world’s largest company dedicated to industrial automation and digital transformation, has announced its acquisition of Clearpath Robotics, a leader in autonomous robotics for industrial applications. This acquisition will enhance Rockwell’s end-to-end autonomous production logistics solutions, providing safer and more efficient manufacturing environments for its customers. The addition of Clearpath’s autonomous mobile robots (AMRs) and fleet management software will create a complete portfolio of advanced material handling solutions, positioning Rockwell as a leader in the industry. The market for AMRs in manufacturing is expected to grow significantly, and this acquisition is anticipated to contribute to Rockwell’s revenue growth. By harnessing data from Rockwell’s offerings and Clearpath’s AMRs, Rockwell will deliver a unified solution for manufacturing, enabling autonomous execution and optimization to increase efficiency. This acquisition is expected to close in the first quarter of Rockwell’s fiscal year 2024.
Frequently Asked Questions:
1. What is the recent agreement between Rockwell Automation and Clearpath Robotics?
Rockwell Automation has recently announced an agreement to acquire Clearpath Robotics, a renowned leader in autonomous robotics. This strategic acquisition aims to strengthen Rockwell Automation’s offerings in the rapidly growing field of industrial automation.
2. How does the acquisition of Clearpath Robotics benefit Rockwell Automation?
By acquiring Clearpath Robotics, Rockwell Automation gains access to cutting-edge technology and expertise in autonomous robotics. This will enable Rockwell Automation to enhance its portfolio of industrial automation solutions, empowering manufacturers to optimize their production processes with advanced automation capabilities.
3. What key innovations does Clearpath Robotics bring to Rockwell Automation?
Clearpath Robotics specializes in developing autonomous mobile robots that can navigate and operate in diverse industrial environments. Their innovative technology leverages advanced sensing, perception, and software capabilities to enable flexible automation solutions that improve productivity and efficiency.
4. How does this acquisition impact customers and industries served by Rockwell Automation?
This acquisition signifies Rockwell Automation’s commitment to addressing the evolving needs of its customers across various industries. By incorporating Clearpath Robotics’ autonomous robotics solutions into its offerings, Rockwell Automation can deliver more comprehensive, efficient, and responsive automation solutions to its customers, supporting their operational excellence.
5. Will Clearpath Robotics continue to operate under its own brand?
Yes, Rockwell Automation plans to let Clearpath Robotics operate under its own brand. This strategic decision allows Clearpath Robotics to maintain its strong market presence and customer relationships while benefiting from the extensive resources and global reach of Rockwell Automation.
6. What customer benefits can be expected from the collaboration between Rockwell Automation and Clearpath Robotics?
Customers can expect a wider range of innovative automation solutions that enhance their manufacturing processes. The collaboration between Rockwell Automation and Clearpath Robotics will enable the development of advanced, autonomous robotics solutions tailored to specific industry needs, delivering improved productivity, safety, and operational flexibility.
7. Are there any regulatory approvals required for this acquisition?
Typically, acquisitions of this nature require regulatory approvals. However, specific details regarding regulatory clearance for the acquisition of Clearpath Robotics by Rockwell Automation have not been disclosed. Both companies will work together to ensure a smooth acquisition process, complying with any necessary regulatory requirements.
8. How will the acquisition impact the employees of Clearpath Robotics?
As part of the acquisition deal, Rockwell Automation is committed to supporting the growth and success of Clearpath Robotics’ talented employees. The acquisition will provide new opportunities for cross-collaboration and knowledge exchange, fostering a dynamic and innovative work environment.
9. When is the acquisition expected to be completed?
The completion date for the acquisition of Clearpath Robotics by Rockwell Automation has not been publicly disclosed. Both companies will work together to finalize the acquisition process, complying with any necessary legal and regulatory requirements.
10. Where can I find more information about Rockwell Automation and Clearpath Robotics?
To learn more about Rockwell Automation and Clearpath Robotics, you can visit their respective official websites. These websites provide comprehensive information about their products, solutions, industry expertise, and the acquisition announcement, keeping you updated with the latest news and developments in the field of industrial automation.
