Transbotics, a manufacturer of robotic vehicles and equipment, has acquired various assets of AutoMotion Systems in a deal worth $239.502.
The deal enables Transbotics to provide smaller, less technologically demanding vehicles.
The company also hired Neville Croft, the owner of AutoMotion, to serve as vice president of sales for the Automotion division of Transbotics.
“The purchase of AutoMotion’s assets allows us the ability to create a broader product line that we can offer our current customers as well as new customers for whom we could not previously supply solutions,” said Charles Robison, Transbotics’ chief executive officer. “These vehicles are used for smaller payloads and repetitive operations, which can be used in warehouse, distribution, medical and automotive operations just to name a few.”