Industrial automation and digital transformation company, Rockwell Automation has finalised its acquisition of Clearpath Robotics, an autonomous robotics developer.
The acquisition integrates both the Clearpath Robotics research division, focused on developing autonomous solutions, and OTTO Motors, a key player in providing AMRs for industrial automation. These divisions will report to Rockwell’s Intelligent Devices operating segment.
According to market research firm Interact Analysis, the market for AMRs in manufacturing is projected to grow at a rate of 30% annually over the next five years, potentially reaching a value of $6.2 billion by 2027.
Rockwell anticipates the acquisition will contribute to a one percentage point increase in its fiscal year 2024 revenue growth.
Blake Moret, Chairman and CEO, Rockwell Automation, said: “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 optimising operations across an entire facility and bringing the Connected Enterprise to life.”
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