1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. Massachusetts >
  6. Symbotic Acquires Veo Robotics

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.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Symbotic

Wilmington, Massachusetts, United States
Category Company
Sector Machinery
Employees1,650
Revenue 1.8B USD (2024)
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 3
Sector: Machinery M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2024 M&A 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-12 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.

Buy -
Mergr

Solution for

Product

Company

Legal