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Tuesday, October 15, 2024

Rockwell Automation’s acquisition of OTTO Motors an all-around win


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Group: Rockwell Automation
Nation: U.S.
Web site: https://www.rockwellautomation.com/en-us.html
12 months Based: 1903
Variety of Staff: 500+
Innovation Class: Enterprise & Administration

Rockwell Automation acquired Clearpath Robotics and its subsidiary OTTO Motors in late 2023 for practically $600 million. Clearpath develops autonomous cell robots (AMRs) for analysis and growth functions.

However Rockwell did this deal for OTTO Motors, a number one developer of AMRs for manufacturing and logistics purposes. This deal factors to the significance of automation in industrial settings and positions the businesses as clear leaders within the burgeoning discipline of AMRs.

rbr50 banner logo.The acquisition permits Rockwell Automation to increase its portfolio of sensible manufacturing programs and capitalize on the rising demand for versatile automation. By integrating OTTO Motors’ AMR know-how into its product choices, the firm can present prospects with a complete suite to enhance supplies dealing with productiveness and effectivity throughout a wide range of industries.

The acquisition additionally reinforces Rockwell Automation’s dedication to innovation and driving enterprise progress and competitiveness for its prospects. In response to Work together Evaluation, the marketplace for AMRs in manufacturing may develop about 30% per 12 months over the following 5 years, with an estimated market dimension of $6.2 billion by 2027. Rockwell is now well-positioned to capitalize on this chance.

“Rockwell and Clearpath collectively will simplify the tough and labor-intensive job of transferring supplies and product by an orchestrated and secure system to optimize operations all through your entire manufacturing facility,” mentioned Blake Moret, chairman and CEO of Rockwell Automation.

“The mix of autonomous robots and PLC-based line management has lengthy been a dream of plant managers in industries as various as automotive and shopper packaged items,” he famous. “With Clearpath, Rockwell is uniquely positioned to make that dream a actuality throughout just about all discrete and hybrid verticals, optimizing planning, operations, and the workforce.”


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RBR50 Robotics Innovation Awards 2024

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