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M&A Deal Summary

Formant Acquires Formation

On August 5, 2019, Formant acquired software company Formation

Acquisition Highlights
  • This is Formant’s 1st transaction in the Software sector.
  • This is Formant’s 1st transaction in the United States.
  • This is Formant’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2019-08-05
Target Formation
Sector Software
Buyer(s) Formant
Deal Type Add-on Acquisition

Target

Formation

Pittsburgh, Pennsylvania, United States
Formation is a robot teleoperation company. Formation offers its RaaS (robots as a service) to companies who can leverage to scale their fleets, enabling them to easily manage thousands of robots. Formation was founded in 2018 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

Formant

San Francisco, California, United States
Category Company
Founded 2017
Sector Software
DESCRIPTION

Formant, Inc. is a robot fleet management software company. Formant, Inc. was founded in 2017 and is based in San Francisco, California.

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