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  6. Blue Ocean Robotics Acquires Beam

M&A Deal Summary

Blue Ocean Robotics Acquires Beam

On August 27, 2019, Blue Ocean Robotics acquired technology hardware company Beam

Acquisition Highlights
  • This is Blue Ocean Robotics’ 1st transaction in the Technology Hardware sector.
  • This is Blue Ocean Robotics’ 1st transaction in the United States.
  • This is Blue Ocean Robotics’ 1st transaction in California.

M&A Deal Summary
Date 2019-08-27
Target Beam
Sector Technology Hardware
Buyer(s) Blue Ocean Robotics
Deal Type Add-on Acquisition

Target

Beam

Palo Alto, California, United States
Suitable Technologies, Inc. is a provider of authentic eye-to-eye connection instantly across distance. Via a screen, camera, and microphone placed on wheels the user physically navigates around, receiving a live video stream from the remote location. Suitable Technologies is based in Palo Alto, California.

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Buyer(S) 1

Buyer

Blue Ocean Robotics

Odense, Denmark
Category Company
Sector Technology Hardware
DESCRIPTION

Blue Ocean Robotics is a developer, producer, and seller professional service robots in healthcare, hospitality, construction, agriculture, and other global markets. The portfolio of robots includes brands like; UVD Robots, a mobile robot for disinfection; Beam Robots, a mobile telepresence robot for communication and PTR Robots, a mobile robot for safe patient handling and rehabilitation.

DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
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