M&A Deal Summary

Robin Autopilot Acquires Mowbot

On April 15, 2021, Robin Autopilot acquired machinery company Mowbot from Husqvarna

Acquisition Highlights
  • This is Robin Autopilot’s 1st transaction in the Machinery sector.
  • This is Robin Autopilot’s 1st transaction in the United States.
  • This is Robin Autopilot’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2021-04-15
Target Mowbot
Sector Machinery
Buyer(s) Robin Autopilot
Sellers(s) Husqvarna
Deal Type Divestiture

Target

Mowbot

Durham, North Carolina, United States
Mowbot, a robotic lawn care franchise business with 16 locations throughout the U.S. The company provides high-quality and environmentally friendly robotic lawn care services for residential and commercial customers. Mowbot is based in Durham, North Carolina.

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Buyer(S) 1

Buyer

Robin Autopilot

Irving, Texas, United States
Category Company
Sector Machinery
DESCRIPTION

Robin Autopilot enables landscapers to create both top-line and bottom-line impact by deploying Robots as a Service (RaaS) through our proprietary software platform. The company acts as the intermediary between manufacturers and landscapers, offering a unique tech stack that enables landscapers to deploy autonomous mowers and manage their fleet. Through its systems, landscapers reduce labor, lower equipment, and trucking costs, improve their environmental footprint and offer a premium service.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Husqvarna

Stockholm, Sweden
Category Company
Founded 1689
Sector Machinery
Employees13,963
Revenue 53.3B SEK (2023)
DESCRIPTION

Husqvarna is a producer of outdoor power products including robotic mowers, garden tractors, chainsaws and trimmers. Husqvarna also produces consumer watering products as well as cutting equipment and diamond tools for the construction and stone industries. Husqvarna was founded in 1689 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 2 of 2
Sector (Machinery) 2 of 2
Type (Divestiture) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 Blastrac

Oklahoma City, Oklahoma, United States

Blastrac product portfolio includes includes high-quality and efficient solutions for shot blasting, scarifying, scraping, grinding & polishing and dust collection. Blastrac is based in Oklahoma City, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 Orbit

Bountiful, Utah, United States

Orbit is a provider of residential watering solutions whose mission is to bring smart technology to homeowners, landscape professionals, and farmers across the globe. The company serves markets spanning six continents and 40 countries, and for decades has been a worldwide leader in designing and building innovative water optimization products. Orbit is based in Bountiful, Utah.

Buy $480M
Mergr

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