M&A Deal Summary

Symbotic Acquires Veo Robotics

On July 19, 2024, Symbotic acquired machinery company Veo Robotics for 9M USD

Acquisition Highlights
  • This is Symbotic’s 1st transaction in the Machinery sector.
  • This is Symbotic’s largest (disclosed) transaction.
  • This is Symbotic’s 1st transaction in the United States.
  • This is Symbotic’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2024-07-19
Target Veo Robotics
Sector Machinery
Buyer(s) Symbotic
Deal Type Add-on Acquisition
Deal Value 9M USD

Target

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.

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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 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

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