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  6. ASI Technology Exits FRED Automation

Investment Summary

ASI Technology Exits FRED Automation

On April 1, 2021, invested in information technology company FRED Automation from ASI Technology

Investment Highlights
  • This is transaction in the Information Technology sector.
  • This is transaction in the United States.
  • This is transaction in Pennsylvania.
Investment Fate
  • FRED Automation was sold to a strategic buyer in 2023.

Investment Summary
Date 2021-04-01
Target FRED Automation
Sector Information Technology
Sellers(s) ASI Technology
Deal Type Spin Off

Target

FRED Automation

Philadelphia, Pennsylvania, United States
FRED Automation designs, manufactures, and supports automated guided vehicles (AGVs) for manufacturing, distribution, and warehouse facilities to improve worker productivity and safety around materials movement. FRED Automation is based in Philadelphia, Pennsylvania.

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Seller(S) 1

SELLER

ASI Technology

Henderson, Nevada, United States
Category Company
Founded 1931
Sector Information Technology
DESCRIPTION

ASI Technology Corp. is a provider of IT services.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Spin Off M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 NxOpinion

Saginaw, Michigan, United States

NxOpinion LLC is a provider of multi-platform software solution includes a powerful inference engine architecture branded as "NxOpinion™.

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