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  6. Bowery Acquires Traptic

M&A Deal Summary

Bowery Acquires Traptic

On February 16, 2022, Bowery acquired machinery company Traptic

Acquisition Highlights
  • This is Bowery’s 1st transaction in the Machinery sector.
  • This is Bowery’s 1st transaction in the United States.
  • This is Bowery’s 1st transaction in California.

M&A Deal Summary
Date 2022-02-16
Target Traptic
Sector Machinery
Buyer(s) Bowery
Deal Type Add-on Acquisition

Target

Traptic

Sunnyvale, California, United States
Traptic utilizing computer vision, robotic arms and artificial intelligence (AI), to harvest fruiting, vine and other delicate crops, including strawberries, tomatoes and more. Traptic was founded in 2016 and is based in Sunnyvale, California.

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Buyer(S) 1

Buyer

Bowery

New York, New York, United States
Category Company
Founded 2015
Sector Agriculture
DESCRIPTION

Bowery is a vertical farming company, serving major e-commerce platforms and more than 800 grocery stores in the Northeast and Mid-Atlantic regions, including Albertsons Companies (Safeway and Acme), Amazon Fresh, Giant Food, Walmart, Wakefern, Weis, Whole Food Markets, and specialty grocers, with produce that's harvested year-round at peak freshness, delivered within days of harvest. Bowery was founded in 2015 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector: Machinery 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: 2022 M&A 1 of 1
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