The Toro Company acquired Left Hand Robotics, Inc. for Not disclosed (terms not disclosed; accounted for as an asset acquisition), a transaction announced in March 2021. The deal was a Asset purchase.
Left Hand Robotics, Inc. operates in Professional / Residential (autonomous technology), is based in Longmont, Colorado, United States. Announced in March 2021 and completed during Toro's fiscal 2021 second quarter, Toro made the asset acquisition of Left Hand Robotics, Inc. of Longmont, Colorado, a developer of autonomous solutions for turf and snow management with patent-pending autonomous-navigation software. Terms were not disclosed. The exact closing day is not disclosed; the 10-K places completion in the fiscal 2021 second quarter (Feb-Apr 2021).
Left Hand Robotics advanced Toro's leadership in next-generation alternative-power, smart-connected and autonomous products.
Autonomous solutions R&D
Advisory firms were not disclosed for this transaction.