Schmalz Acquires mGrip Product Family from Soft Robotics Inc. to Expand Gripper Portfolio
Acquiring Company
Schmalz
Acquired Company
Soft Robotics
Freudenstadt
BedfordManufacturingAutomotiveLogisticsManufacturingInformation TechnologyAgriculture and FarmingArtificial IntelligenceMachine LearningIndustrial AutomationDescription
Schmalz, the vacuum specialist, has acquired the mGrip product family from Soft Robotics Inc. This acquisition allows Schmalz to expand its market position in the food handling sector and offer customers finger grippers for automated food handling in addition to its comprehensive portfolio of vacuum grippers. The acquisition also includes the continuation of the existing production facility in Boston, Massachusetts, ensuring reliable delivery to customers.
Quick answer
Schmalz is acquiring Soft Robotics, announced August 8, 2024. Schmalz is based in Freudenstadt, Baden-Württemberg, Germany.
- How much did Schmalz pay for Soft Robotics?
- The deal value was not disclosed.
- What does Schmalz do?
- Since 1910, Schmalz has been characterized by its values: pioneering, sustainable, inspiring.
- Where are Schmalz and Soft Robotics based?
- Schmalz is based in Freudenstadt, Baden-Württemberg, Germany. Soft Robotics is based in Bedford, Massachusetts, United States.
- Who are the decision-makers at Schmalz?
- Fundz holds 1 contact at Schmalz. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Soft Robotics?
Soft Robotics was acquired by Schmalz, based in Freudenstadt. The deal was reported on August 12, 2024. Since 1910, Schmalz has been characterized by its values: pioneering, sustainable, inspiring. Values that leave a unique impression on customers and partners. Values that guide the employees. Schmalz is privately held and operates in Manufacturing.
When did Schmalz acquire Soft Robotics?
Schmalz's acquisition of Soft Robotics was reported on August 12, 2024. Schmalz, the vacuum specialist, has acquired the mGrip product family from Soft Robotics Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Soft Robotics do?
Soft Robotics is an industry-leading technology company that designs and builds automated high-speed picking solutions using 3D machine vision, artificial intelligence software, and proprietary soft robotic grippers. It is privately held, operating in Manufacturing, and is based in Bedford.
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