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  6. Arrive AI Acquires AirBox Technologies

M&A Deal Summary

Arrive AI Acquires AirBox Technologies

On December 18, 2023, Arrive AI acquired internet software and services company AirBox Technologies

Acquisition Highlights
  • This is Arrive AI’s 1st transaction in the Internet Software and Services sector.
  • This is Arrive AI’s 1st transaction in the United States.
  • This is Arrive AI’s 1st transaction in Delaware.

M&A Deal Summary
Date 2023-12-18
Target AirBox Technologies
Sector Internet Software and Services
Buyer(s) Arrive AI
Deal Type Add-on Acquisition

Target

AirBox Technologies

Lewes, Delaware, United States
AirBox Technologies offers two smart solution products: Airbox Home and Airbox Deep. Both products offer an app-controlled, industrial grade, web-connected package delivery solution. AirBox Technologies was founded in 2015 and is based in Lewes ,Delaware.

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Buyer(S) 1

Buyer

Arrive AI

Fishers, Indiana, United States
Category Company
Founded 2020
Sector Internet Software and Services
DESCRIPTION

Arrive AI is a technology company focused on facilitating the last inch of the last-mile for autonomous delivery. Arrive's smart Mailbox-as-a-Service (MaaS) platform makes the exchange of goods between people, robots and drones frictionless through the use of artificial intelligence ("AI"). Arrive AI was founded in 2020 and is based in Fishers, Indiana.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Delaware M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
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