Found in Robotics News & Content, with a score of 20.84
May 03, 2021
…15 reported mergers and acquisitions last month, continuing the trend of robotics companies working with special purpose acquisition companies (SPAC). While many companies did not disclose the amounts of their transactions, the following deals reflect the ongoing interest in increasing automation across vertical market segments.
Found in Robotics News & Content, with a score of 30.67
April 23, 2021
…process of teaming up with a special-purpose acquistion company (SPAC), his company's approach to commercialization, and requirements and use cases for industrial exoskeletons. Anatomy of a SPAC deal How did Sarcos and Rotor Acquisition find each other? What are the benefits of working with a SPAC? Wolff: It started with our board talking about what we were going to do about our next capital raise and ramping up commercial production. About the time we were beginning that conversation internally, we approached by a number of diff SPACs that were interested. It's a sign of the times with how many were…
Found in Robotics News & Content, with a score of 6.84
April 16, 2021
…provides sensors for stationary applications, such as bin picking. Berkshire Grey, which is merging with a special-purpose acquisition company (SPAC), promoted its e-commerce fulfillment, smart store replenishment, and dynamic parcel sortation offerings. Reading, Pa.-based EnerSys offered virtual product demonstrations at ProMat DX of its EnSite modeling software and power management tools.
Found in Robotics News & Content, with a score of 17.97
April 15, 2021
…with D8 Holdings Corp., a special-purpose acquisition company, or SPAC. Waltham, Mass.-based Vicarious said its goal is to create technology to increase the efficiency of surgical procedures, improve patient outcomes, and reduce healthcare costs. The companies said the private investment in public equity (PIPE) of $115 million will bring its enterprise value to $1.1 billion. Vicarious Surgical was founded in 2014 by experienced roboticist Adam Sachs, now CEO; Sam Khalifa, chief technology officer; and Dr. Barry Greene, a board-certified bariatric and general surgeon with more than 25 years of experience performing advanced laparoscopic surgical procedures. The company's technology combines proprietary…
Found in Robotics News & Content, with a score of 15.02
April 06, 2021
Sarcos Corp., which makes robots and assistive devices including powered exosuits, today said it will become a publicly listed company through a merger with Rotor Acquisition Corp. Salt Lake City-based Sarcos has been working to commercialize its Guardian XO full-body, industrial exoskeleton by the middle of next year. “Sarcos is building advanced mobile industrial robotic solutions that will advance the future of the workforce,” stated Ben Wolff, chairman and CEO of Sarcos. “We have a strong foundation and a clear road map to launch our next-generation highly dexterous mobile industrial robotic systems that are intended to increase productivity, save lives,…
Found in Robotics News & Content, with a score of 22.34
April 05, 2021
…first quarter, including some mergers with special-purpose acquisition companies (SPACs), a recent trand in venture capital. Additive manufacturing contributed to this total. After that was supply chain and logistics, with more than $1.7 billion in reported transactions. This is not surprising, given the surge in e-commerce during the pandemic and ongoing interest in robots for materials handling and delivery. Healthcare companies, mostly providers of surgical robotics, were involved in more than $250 million worth of deals, followed by agricultural robots, with more than $130 million in total transactions. Note that this slideshow of the top 10 robotics transactions is not…
Found in Robotics News & Content, with a score of 24.15
March 23, 2021
…the manufacturer of previously impossible geometries.” Special-purpose acquisition company (SPAC) JAWS Spitfire said it is a “blank-check company incorporated as a Cayman Islands-exempted company.” Its backers include tennis player Serena Williams, who was appointed to its board in December 2020. After the merger, subject to shareholder and regulatory approval and other customary closing conditions, the combined enterprise will have a value of about $1.6 billion at the $10-per-share private investment in public equity (PIPE) and assuming no public shareholders of JAWS Spitfire exercise their redemption rights. VELO3D said it will receive up to $345 million in proceeds from JAWS Spitfire’s…
