Rockwell Automation Signs Definitive Agreement To Acquire Ontario, Canada-Based Clearpath Robotics; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Rockwell Automation has signed a definitive agreement to acquire Ontario-based Clearpath Robotics. Clearpath, founded in 2009, offers robotics technology to global research and development markets. Post-acquisition, Clearpath will report to Rockwell's Intelligent Devices operating segment. The terms of the deal were not disclosed.
September 05, 2023 | 8:10 pm
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Rockwell Automation's acquisition of Clearpath Robotics could potentially enhance its Intelligent Devices segment. The financial terms of the deal were not disclosed.
The acquisition of Clearpath Robotics by Rockwell Automation could potentially enhance its Intelligent Devices segment by adding Clearpath's robotics technology. This could lead to new product offerings and increased market share, potentially driving Rockwell's stock price up in the short term.
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