ZURICH, Switzerland - ABB announced it will acquire ASTI Mobile Robotics Group (ASTI), a leading global autonomous mobile robot (AMR) manufacturer with a broad portfolio across all major applications enabled by the company’s software suite. This will expand ABB’s robotics and automation offering, making it the only company to offer a complete portfolio for the next generation of flexible automation.
The acquisition, a key part of ABB’s external growth strategy, was signed on July 19 and is expected to close in mid-summer 2021. Both parties agreed not to disclose any details regarding the purchase price.
Founded in 1982, ASTI is headquartered in Burgos, Spain and employs over 300 people in Spain, France and Germany. It is majority owned by Veronica Pascual Boé, who is also CEO. Other shareholders include European Growth Buyout investor Keensight Capital. Today it supports one of Europe’s largest installed fleets of AMRs and has a broad customer base in automotive, logistics, food & beverage and pharmaceuticals in 20 countries. Since 2015, the company has enjoyed close to 30 percent growth on an annual basis and is targeting approximately $50 million in revenue in 2021.