ABB Ltd acquired ASTI Mobile Robotics Group for $186 million (cash outflow, net of cash acquired), a transaction completed in August 2021, structured as all cash.
ASTI Mobile Robotics Group operates in Robotics & Discrete Automation / autonomous mobile robots, is based in Burgos, Spain. ASTI Mobile Robotics, headquartered in Burgos, Spain, is a global manufacturer of autonomous mobile robots (AMRs). ABB acquired the company on August 2, 2021, with a cash outflow of $186 million net of cash acquired, as disclosed in its FY2023 Form 20-F.
ASTI expanded ABB's robotics and automation offering in its Robotics & Discrete Automation segment, adding a fast-growing autonomous mobile robot product line.
Advisory firms were not disclosed for this transaction.