M&A Deal Summary

Symbotic Acquires OhmniLabs

On December 12, 2024, Symbotic acquired electronics company OhmniLabs

Acquisition Highlights
  • This is Symbotic’s 1st transaction in the Electronics sector.
  • This is Symbotic’s 2nd transaction in the United States.
  • This is Symbotic’s 1st transaction in California.

M&A Deal Summary
Date 2024-12-12
Target OhmniLabs
Sector Electronics
Buyer(s) Symbotic
Deal Type Add-on Acquisition

Target

OhmniLabs

Milpitas, California, United States
OhmniLabs is a robotics company focused on providing demand-driven robotics solutions for businesses. OhmniLabs utilizes an ultra-lean development and manufacturing process, allowing for innovation at unmatched speeds, costs, and margins compared to other robotics companies. OhmniLabs was founded in 2015 and is based in Milpitas, California.

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Buyer(S) 1

Buyer

Symbotic

Wilmington, Massachusetts, United States
Category Company
Sector Machinery
Employees1,300
Revenue 1.2B USD (2023)
DESCRIPTION

Symbotic is an automation technology company reimagining the supply chain with its end-to-end, A.I.-powered robotic and software platform. Symbotic reinvents the warehouse as a strategic asset for the world’s largest retail, wholesale, and food & beverage companies. Symbotic is based in Wilmington, Massachusetts.

DEAL STATS #
Overall 2 of 2
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-19 Veo Robotics

Waltham, Massachusetts, United States

Veo Robotics manufactures dynamic, flexible human-machine collaboration, a comprehensive 3D safeguarding solution that reduces the cost and complexity of human-robot collaboration. Veo Robotics was founded in 2016 and is based in Waltham, Massachusetts.

Buy $9M
Mergr

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