Rockwell Automation Successfully Acquires Clearpath Robotics and OTTO Motors, Autonomous Robotics Industry Leader
Introduction:
Rockwell Automation, the global leader in industrial automation and digital transformation, has acquired Clearpath Robotics Inc., a leader in autonomous robotics for industrial applications. The acquisition includes Clearpath Robotics’ research division and OTTO Motors, which provides autonomous mobile robots. This acquisition will enable Rockwell to offer end-to-end production logistics solutions and optimize operations across manufacturing facilities. According to Interact Analysis, the market for autonomous mobile robots in manufacturing is expected to grow significantly in the coming years.
Full News:
Rockwell Automation Completes Acquisition of Clearpath Robotics, Expands Autonomous Technology Offering
In a significant move to enhance its capabilities in industrial automation and digital transformation, Rockwell Automation, Inc. has announced the completion of its acquisition of Clearpath Robotics Inc., a leader in autonomous robotics based in Ontario, Canada.
The acquisition includes Clearpath Robotics’ research division as well as its industrial division, OTTO Motors, which specializes in providing autonomous mobile robots (AMRs) for industrial applications. This strategic acquisition positions Rockwell Automation as a comprehensive provider of end-to-end autonomous production logistics solutions.
With the integration of AMRs, Rockwell Automation aims to simplify and transform material handling processes, optimizing operations across entire manufacturing facilities. The implementation of AMRs is expected to have a significant impact on productivity and safety in industrial operations.
As stated by Blake Moret, Chairman and CEO of 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.”
Rockwell Automation’s commitment to innovation will be showcased at the upcoming Automation Fair, a premier industrial automation and digital transformation event held from November 6-9 in Boston. This event will provide customers with a first-hand experience of the impact AMRs will have on productivity and safety in industrial operations.
Market research firm Interact Analysis predicts that the market for AMRs in manufacturing will experience an annual growth rate of approximately 30% over the next five years, with a projected market size of $6.2 billion by 2027. The acquisition of Clearpath Robotics is expected to contribute to Rockwell Automation’s revenue growth in fiscal year 2024.
Industry experts recognize the significance of AMRs in achieving autonomous production logistics and creating value for manufacturers and customers. Amar Mehta, EY Americas Strategy and Transactions Advanced Manufacturing Leader, acknowledges Rockwell Automation as a leader in the necessary hardware, software, and services for integrating AMRs into manufacturing plants. This acquisition further strengthens Rockwell’s ability to facilitate end-to-end digital transformations in production environments.
About Rockwell Automation
Rockwell Automation, Inc. is a global leader in industrial automation and digital transformation. With headquarters in Milwaukee, Wisconsin, the company is dedicated to connecting people’s imaginations with the potential of technology to expand what is humanly possible. Offering solutions in more than 100 countries, Rockwell Automation employs approximately 28,000 problem solvers committed to making the world more productive and sustainable.
OTTO Motors by Rockwell Automation
OTTO Motors by Rockwell Automation specializes in autonomous technology for material handling within manufacturing and warehouse facilities. With its extensive experience in production operations and trusted use of autonomous mobile robots, OTTO Motors is relied upon by some of the world’s most recognized brands for mission-critical operations. In recognition of its innovative robotics solutions, OTTO Motors was named one of Fast Company’s Most Innovative Robotics Companies in 2023.
Clearpath Robotics by Rockwell Automation
Clearpath Robotics by Rockwell Automation is a global leader in unmanned vehicle robotics, catering to research and development sectors. The company provides hardware, software, and services that enable the deployment and operation of mobile robotics products. Employing its expertise in diverse areas such as mining, military, agriculture, aerospace, and academia, Clearpath Robotics collaborates with over 500 innovative brands across more than 40 countries. The company’s commitment to excellence has been acknowledged through its recognition as a Robotics Business Review RBR50 Robotics Innovation Awards Winner in 2023.
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
Conclusion:
Rockwell Automation has completed its acquisition of Clearpath Robotics Inc., a leader in autonomous robotics. This acquisition allows Rockwell to offer end-to-end production logistics solutions, optimizing operations and bringing the Connected Enterprise to life. With the growing market for autonomous mobile robots (AMRs) in manufacturing, Rockwell is well-positioned to drive revenue growth and enhance digital transformations for production environments. Rockwell’s OTTO Motors division will be showcased at the upcoming Automation Fair event, demonstrating the significant impact of AMRs on productivity and safety. This acquisition strengthens Rockwell’s position as a leader in hardware, software, and services for integrating AMRs into manufacturing plants. Rockwell Automation is dedicated to industrial automation and digital transformation, connecting people’s imaginations with the potential of technology to make the world more productive and sustainable. For more information, visit rockwellautomation.com.
Frequently Asked Questions:
Q1: What is the latest acquisition made by Rockwell Automation?
Rockwell Automation has recently completed the acquisition of Clearpath Robotics, a renowned autonomous robotics leader, along with its industrial offering, OTTO Motors.
Q2: How will Rockwell Automation benefit from this acquisition?
This acquisition empowers Rockwell Automation to expand its capabilities in delivering advanced automation solutions by integrating Clearpath Robotics’ autonomous robotics expertise and OTTO Motors’ industrial offerings into its portfolio.
Q3: What distinguishes Clearpath Robotics as a market leader in autonomous robotics?
Clearpath Robotics is known for its innovative solutions in autonomous mobile robots and has established itself as a trusted industry leader due to its cutting-edge technology, strong customer base, and commitment to delivering reliable and safe robotics automation solutions.
Q4: How does the inclusion of OTTO Motors complement Rockwell Automation’s product offerings?
With the integration of OTTO Motors, a division of Clearpath Robotics, Rockwell Automation enhances its product portfolio by adding OTTO Motors’ advanced self-driving vehicle systems, enabling a seamless movement of materials within various industrial settings.
Q5: What industries can benefit from Rockwell Automation’s acquisition of Clearpath Robotics and OTTO Motors?
The acquisition benefits various industries, including manufacturing, logistics, warehousing, e-commerce, and many others that rely on efficient and reliable autonomous robotic solutions for material transportation and other automation needs.
Q6: Will the acquisition impact Clearpath Robotics and OTTO Motors’ existing customers and operations?
No, the acquisition will not impact Clearpath Robotics and OTTO Motors’ existing customers and operations. Instead, it will provide them with access to Rockwell Automation’s extensive resources, global reach, and expertise, resulting in enhanced support and accelerated growth opportunities.
Q7: How does Rockwell Automation plan to leverage the technology and expertise of Clearpath Robotics and OTTO Motors?
Rockwell Automation aims to leverage Clearpath Robotics’ autonomous robotics technology, OTTO Motors’ self-driving vehicle systems, and their collective expertise to create comprehensive automation solutions tailored to the specific needs of industrial customers.
Q8: Will there be any changes to the branding of Clearpath Robotics and OTTO Motors?
For the time being, Clearpath Robotics and OTTO Motors will continue to operate under their respective brands. However, Rockwell Automation will work to integrate the technologies and expertise of both companies into its broader offerings in the future.
Q9: How does this acquisition align with Rockwell Automation’s vision for the future?
The acquisition of Clearpath Robotics and OTTO Motors aligns with Rockwell Automation’s vision of becoming the premier provider of automation solutions. It further enhances their ability to enable customers in various industries to optimize their operations through advanced technologies.
Q10: Where can I find more information about Rockwell Automation’s acquisition of Clearpath Robotics and OTTO Motors?
You can find more information about this acquisition, including press releases and related updates, on Rockwell Automation’s official website. Additionally, industry publications, news platforms, and financial reports may provide further insights into this strategic move.
