Robot Report’s Steve Crowe reviewed ABB’s Q3 2021 financials to learn how much the company paid out for Spanish AMR provider ASTI Mobile Robotics.

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Thanks to the release of its third quarter 2021 financial results, we now know how much ABB paid to acquire ASTI Mobile Robotics. ABB spent $190 million, including $7 million in cash, in July 2021 to acquire the Spanish developer of autonomous mobile robots (AMRs).

ABB ASTI Side 1Founded in 1982, ASTI is headquartered in Burgos, Spain and employs 300-plus people in Spain, France and Germany. It was majority owned by Veronica Pascual Boé, who was also CEO. ASTI’s headquarters will become ABB’s AMR business headquarters, led by Pascual Boé, with core functions, including R&D, engineering, product and project value chain, continuing at ASTI’s facilities.

ABB said…

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