Symbotic Completes Acquisition of OhmniLabs
Deal News | Dec 12, 2024 | Globenewswire
Symbotic Inc., a leader in AI-enabled robotics for the supply chain, has finalized the acquisition of OhmniLabs, a Silicon Valley-based robotics innovator specializing in healthcare solutions. This strategic move combines Symbotic's large-scale automation expertise with OhmniLabs' advanced mobile robots and AI solutions, aiming to enhance automation across various industries. Founded in 2015, OhmniLabs is renowned for its autonomous disinfection and telepresence robots, and their integration with Symbotic is expected to expand the latter's capabilities beyond warehouse logistics into healthcare. Symbotic's Chairman and CEO, Rick Cohen, emphasized the importance of OhmniLabs' talent in driving innovation and enabling Symbotic's growth. This acquisition is seen as a transformative step for both companies, promising to advance the robotics field significantly.
Sectors
- Robotics and Automation
- Healthcare Technology
- Supply Chain and Logistics
Geography
- United States – Both Symbotic and OhmniLabs are based in the United States, making it the primary geographic focus of the acquisition.
- Silicon Valley – OhmniLabs is based in Silicon Valley, a hub for technology and innovation, which is highlighted in the context of this acquisition.
Industry
- Robotics and Automation – The article involves companies specializing in robotics technology, particularly in areas like supply chain automation and healthcare innovation.
- Healthcare Technology – The acquisition aims to apply robotics solutions in healthcare, indicating a focus on improving healthcare environments with technology.
- Supply Chain and Logistics – Symbotic's core business involves transforming supply chain operations through advanced automation, which is a critical aspect of this acquisition.
Financials
- Not Disclosed – The financial terms of the acquisition were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Symbotic Inc. | Acquiring Company | Company | A leader in AI-enabled robotics technology for supply chain automation. |
| OhmniLabs | Target Company | Company | A Silicon Valley-based company specializing in robotics solutions for healthcare. |
| Rick Cohen | Executive Chairman and CEO | Person | CEO of Symbotic Inc., leading the acquisition strategy. |
| Jared Go | Co-founder and CTO | Person | CTO of OhmniLabs, highlighting the company's technological expertise. |