{"id":787529,"date":"2023-10-02T18:36:32","date_gmt":"2023-10-02T22:36:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\/"},"modified":"2023-10-02T18:36:32","modified_gmt":"2023-10-02T22:36:32","slug":"rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\/","title":{"rendered":"Rockwell Automation completes acquisition of autonomous robotics leader Clearpath Robotics and its industrial offering OTTO Motors"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Rockwell Automation completes acquisition of autonomous robotics leader Clearpath Robotics and its industrial offering OTTO Motors<\/b><\/p>\n<p class=\"bwalignc\"><i>Acquisition gives Rockwell end-to-end autonomous production logistics solutions<\/i><\/p>\n<p>MILWAUKEE&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nRockwell Automation, Inc. (NYSE: ROK), the world\u2019s largest company dedicated to industrial automation and digital transformation, today announced it completed its <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rockwellautomation.com%2Fen-us%2Fcompany%2Fnews%2Fpress-releases%2FRockwell-Automation-signs-agreement-to-acquire-autonomous-robotics-leader-Clearpath-Robotics.html&amp;esheet=53567759&amp;newsitemid=20231002758377&amp;lan=en-US&amp;anchor=acquisition&amp;index=1&amp;md5=9aace03753e1a74878fa769662b756c6\">acquisition<\/a> of Ontario, Canada-based Clearpath Robotics Inc., a leader in autonomous robotics, including autonomous mobile robots (AMRs) for industrial applications.<\/p>\n<p>\nThe acquisition includes Clearpath Robotics\u2019 namesake research division, a leader in developing autonomous technology for the innovation market, and the industrial division OTTO Motors, which provides AMRs, the next frontier in industrial automation and transformation. Both divisions report to Rockwell\u2019s Intelligent Devices operating segment.<\/p>\n<p>\n\u201cWe are delighted to welcome the Clearpath Robotics and OTTO Motors teams to Rockwell,\u201d said Blake Moret, Chairman and CEO, Rockwell Automation. \u201cThis 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.\u201d<\/p>\n<p>\nOTTO Motors will be featured at Rockwell\u2019s <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rockwellautomation.com%2Fen-us%2Fcompany%2Fevents%2Fin-person-events%2Fautomation-fair.html&amp;esheet=53567759&amp;newsitemid=20231002758377&amp;lan=en-US&amp;anchor=Automation+Fair&amp;index=2&amp;md5=43ab952bc4ae9248cdd4c89a3c434340\">Automation Fair<\/a>, the world\u2019s premier industrial automation and digital transformation event, Nov. 6-9 in Boston, where customers will see first-hand the significant impact that AMRs will have on productivity and safety across operations.<\/p>\n<p>\nAccording to Interact Analysis, the market for AMRs in manufacturing is expected to grow about 30% per year over the next five years, with an estimated market size of $6.2 billion by 2027. This acquisition is expected to contribute a percentage point to Rockwell\u2019s fiscal year 2024 revenue growth.<\/p>\n<p>\n\u201cNot only do AMRs connect islands of automation; they are often one of the final major elements that help manufacturers achieve autonomous production logistics, enabling significant value creation for the manufacturer and their customers,\u201d said Amar Mehta, EY Americas Strategy and Transactions Advanced Manufacturing Leader. \u201cRockwell is a leader in the key hardware, software, and services that are needed to integrate AMRs into a manufacturing plant. With this acquisition, Rockwell enhances its ability to take manufacturers on a full end-to-end digital transformation for their production environments.&#8221;<\/p>\n<p><b>About Rockwell Automation<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.rockwellautomation.com&amp;esheet=53567759&amp;newsitemid=20231002758377&amp;lan=en-US&amp;anchor=Rockwell+Automation%2C+Inc.&amp;index=3&amp;md5=ec6d1bbdb1d74fb150f0acdbe83239f6\">Rockwell Automation, Inc.<\/a> (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 28,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.rockwellautomation.com&amp;esheet=53567759&amp;newsitemid=20231002758377&amp;lan=en-US&amp;anchor=www.rockwellautomation.com&amp;index=4&amp;md5=792c45d378fad24da2c79fb63cfab628\">www.rockwellautomation.com<\/a>.<\/p>\n<p><b>OTTO Motors by Rockwell Automation<\/b><\/p>\n<p>\nOTTO Motors by Rockwell Automation is a global leader in autonomous technology for material handling inside manufacturing and warehouse facilities. With over five million hours of production experience, OTTO autonomous mobile robots (AMRs) are trusted in mission-critical operations for some of the world\u2019s most recognized brands. OTTO Motors was recognized as one of Fast Company\u2019s Most Innovative Robotics Companies of 2023. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ottomotors.com%2F&amp;esheet=53567759&amp;newsitemid=20231002758377&amp;lan=en-US&amp;anchor=ottomotors.com&amp;index=5&amp;md5=1586ff586498ef90525d33166c78f1da\">ottomotors.com<\/a>.<\/p>\n<p><b>Clearpath Robotics by Rockwell Automation<\/b><\/p>\n<p>\nClearpath Robotics by Rockwell Automation is a global leader in unmanned vehicle robotics for research and development, and provides hardware, software, and services to enable mobile robotics product deployment and operation. Clearpath works with over 500 of the world\u2019s most innovative brands in over 40 countries, serving markets that span mining, military, agriculture, aerospace, and academia. Clearpath was recognized as a Robotics Business Review\u2019s RBR50 Robotics Innovation Awards 2023 Winner. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.clearpathrobotics.com&amp;esheet=53567759&amp;newsitemid=20231002758377&amp;lan=en-US&amp;anchor=clearpathrobotics.com&amp;index=6&amp;md5=66c2529d807a4d0876ee9635e6fa3185\">clearpathrobotics.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20231002758377r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20231002758377\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20231002758377\/en\/<\/a><\/span><\/p>\n<p><b>Media contact:<br \/>\n<\/b><br \/>Ed Moreland<br \/>\n<br \/>Head of Government Affairs and External Communications<br \/>\n<br \/>+1 571-296-0391<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:edward.moreland@rockwellautomation.com\">edward.moreland@rockwellautomation.com<br \/>\n<\/a><\/p>\n<p><b>Investor Relations contact:<br \/>\n<\/b><br \/>Aijana Zellner<br \/>\n<br \/>Head of Investor Relations and Market Strategy<br \/>\n<br \/>+1 414-382-8510<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:azellner@rockwellautomation.com\">azellner@rockwellautomation.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Wisconsin Massachusetts United States North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Manufacturing Technology Automotive Packaging General Automotive Engineering Other Technology Automotive Manufacturing Manufacturing Robotics<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20231002758377\/en\/698546\/3\/New_RA_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Rockwell Automation completes acquisition of autonomous robotics leader Clearpath Robotics and its industrial offering OTTO Motors Acquisition gives Rockwell end-to-end autonomous production logistics solutions MILWAUKEE&#8211;(BUSINESS WIRE)&#8211; Rockwell Automation, Inc. (NYSE: ROK), the world\u2019s largest company dedicated to industrial automation and digital transformation, today announced it completed its acquisition of Ontario, Canada-based Clearpath Robotics Inc., a leader in autonomous robotics, including autonomous mobile robots (AMRs) for industrial applications. The acquisition includes Clearpath Robotics\u2019 namesake research division, a leader in developing autonomous technology for the innovation market, and the industrial division OTTO Motors, which provides AMRs, the next frontier in industrial automation and transformation. Both divisions report to Rockwell\u2019s Intelligent Devices operating segment. \u201cWe are delighted to welcome the Clearpath Robotics and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Rockwell Automation completes acquisition of autonomous robotics leader Clearpath Robotics and its industrial offering OTTO Motors&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-787529","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rockwell Automation completes acquisition of autonomous robotics leader Clearpath Robotics and its industrial offering OTTO Motors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rockwell Automation completes acquisition of autonomous robotics leader Clearpath Robotics and its industrial offering OTTO Motors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Rockwell Automation completes acquisition of autonomous robotics leader Clearpath Robotics and its industrial offering OTTO Motors Acquisition gives Rockwell end-to-end autonomous production logistics solutions MILWAUKEE&#8211;(BUSINESS WIRE)&#8211; Rockwell Automation, Inc. (NYSE: ROK), the world\u2019s largest company dedicated to industrial automation and digital transformation, today announced it completed its acquisition of Ontario, Canada-based Clearpath Robotics Inc., a leader in autonomous robotics, including autonomous mobile robots (AMRs) for industrial applications. The acquisition includes Clearpath Robotics\u2019 namesake research division, a leader in developing autonomous technology for the innovation market, and the industrial division OTTO Motors, which provides AMRs, the next frontier in industrial automation and transformation. Both divisions report to Rockwell\u2019s Intelligent Devices operating segment. \u201cWe are delighted to welcome the Clearpath Robotics and &hellip; Continue reading &quot;Rockwell Automation completes acquisition of autonomous robotics leader Clearpath Robotics and its industrial offering OTTO Motors&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-02T22:36:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20231002758377r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Rockwell Automation completes acquisition of autonomous robotics leader Clearpath Robotics and its industrial offering OTTO Motors\",\"datePublished\":\"2023-10-02T22:36:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\\\/\"},\"wordCount\":687,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20231002758377r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\\\/\",\"name\":\"Rockwell Automation completes acquisition of autonomous robotics leader Clearpath Robotics and its industrial offering OTTO Motors - 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(NYSE: ROK), the world\u2019s largest company dedicated to industrial automation and digital transformation, today announced it completed its acquisition of Ontario, Canada-based Clearpath Robotics Inc., a leader in autonomous robotics, including autonomous mobile robots (AMRs) for industrial applications. The acquisition includes Clearpath Robotics\u2019 namesake research division, a leader in developing autonomous technology for the innovation market, and the industrial division OTTO Motors, which provides AMRs, the next frontier in industrial automation and transformation. Both divisions report to Rockwell\u2019s Intelligent Devices operating segment. \u201cWe are delighted to welcome the Clearpath Robotics and &hellip; Continue reading \"Rockwell Automation completes acquisition of autonomous robotics leader Clearpath Robotics and its industrial offering OTTO Motors\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\/","og_site_name":"Market Newsdesk","article_published_time":"2023-10-02T22:36:32+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20231002758377r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Rockwell Automation completes acquisition of autonomous robotics leader Clearpath Robotics and its industrial offering OTTO Motors","datePublished":"2023-10-02T22:36:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\/"},"wordCount":687,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20231002758377r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-completes-acquisition-of-autonomous-robotics-leader-clearpath-robotics-and-its-industrial-offering-otto-motors\/","name":"Rockwell Automation completes acquisition of autonomous robotics leader Clearpath Robotics and its industrial offering OTTO Motors - 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