M&A Deal Summary

Raven Acquires Jaybridge Robotics - Intellectual Property Portfolio

On April 7, 2021, Raven acquired automotive company Jaybridge Robotics - Intellectual Property Portfolio from Jaybridge Robotics

Acquisition Highlights
  • This is Raven’s 1st transaction in the Automotive sector.
  • This is Raven’s 4th transaction in the United States.
  • This is Raven’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-04-07
Target Jaybridge Robotics - Intellectual Property Portfolio
Sector Automotive
Buyer(s) Raven
Sellers(s) Jaybridge Robotics
Deal Type Divestiture

Target

Jaybridge Robotics - Intellectual Property Portfolio

Cambridge, Massachusetts, United States
Jaybridge Robotics' Intellectual Property Portfolio provides significant and critical patents for technology directly related to path-planning, obstacle detection and avoidance, and multi-machine control systems.

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Buyer(S) 1

Buyer

Raven

Sioux Falls, South Dakota, United States
Category Company
Founded 1956
Sector Manufacturing
Revenue 348M USD (2021)
DESCRIPTION

Raven Industries is a designer and manufacturer of flexible films and sheeting. Raven is a provider of highly engineered polymer films and sheeting for agriculture, construction, geomembrane, and industrial applications. Raven was founded in 1956 and is based in Sioux Falls, South Dakota.

DEAL STATS #
Overall 5 of 5
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-31 Dot Technology

Emerald Park, Saskatchewan, Canada

Dot Technology Corp. is a patented autonomous diesel-powered platform that is U-shaped and ready to accept any implement that has been adapted to be Dot ready. Dot Technology Corp. was formed in 2017 and is based in Emerald Park, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-29 Aerostar

Sioux Falls, South Dakota, United States

Aerostar design, manufacture, integration, and operation of persistent stratospheric platforms and radar systems. Aerostar's core product offerings include stratospheric platforms, radar, and perception sensors, technical services, and protective wear. Aerostar is based in Sioux Falls, South Dakota.

Sell -

Seller(S) 1

SELLER

Jaybridge Robotics

Cambridge, Massachusetts, United States
Category Company
Founded 2008
Sector Automotive
DESCRIPTION

Jaybridge Robotics is a provider in autonomous vehicle design and development. The Company provides our customers with complete, turnkey solutions for a range of applications in the agricultural, aggregates and mining industries. Jaybridge Robotics was founded in 2008 and is based in Cambridge, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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