The Boeing Company acquired Liquid Robotics, Inc., a transaction announced in December 2016, structured as Terms not disclosed.
Liquid Robotics, Inc. operates in Defense, Space & Security (autonomous maritime systems), is based in Sunnyvale, California, with operations in Hawaii (founded 2007, ~100 employees). Boeing acquired Liquid Robotics, a maker of autonomous, wave- and solar-powered ocean robots. Its Wave Glider had traveled more than a million nautical miles collecting ocean data and providing communications for defense, commercial and science customers. Boeing and Liquid Robotics had collaborated since 2014 on the Sensor Hosting Autonomous Remote Craft (SHARC), which integrates Boeing sensors with the Wave Glider for maritime intelligence, surveillance and reconnaissance. Terms were not disclosed.
Boeing said pairing Liquid Robotics' autonomous maritime technology with its ISR solutions would help customers address maritime challenges by making existing platforms smarter and missions safer.
A market-leading autonomous maritime platform (Wave Glider) that extended Boeing's ISR reach to the ocean surface and subsurface. Built on the existing SHARC collaboration integrating Boeing sensors with the Wave Glider. Became a Boeing subsidiary operating under its existing business model, reporting to the Vice President of Autonomous Systems within Defense, Space & Security.
With Liquid Robotics' innovative technology and Boeing's leading intelligence, surveillance, and reconnaissance solutions, we are helping our customers address maritime challenges in ways that make existing platforms smarter, missions safer and operations more efficient.Leanne Caret, President and CEO, Boeing Defense, Space & Security
This acquisition allows us to leverage the strengths of one of the world's leading global companies while continuing to push our innovation to new levels.Gary Gysin, President and CEO, Liquid Robotics
Advisory firms were not disclosed for this transaction.