Built Robotics Acquires Y Combinator-Backed Roin Technologies To Expand Beyond Autonomous Earthmoving
Jan 24, 2023•almost 3 years ago
Acquiring Company
Built Robotics
Acquired Company
Built Robotics
Consumer ElectronicsConsumer Electronics
Description
Built Robotics, the inventor of the robotic ExosystemTM and leader in construction autonomy, is announcing the acquisition of Roin Technologies, the makers of the first automated concrete power trowel. The acquisition will grow the capabilities of Built's engineering team and accelerate key technological developments to expand automation beyond construction into new applications and markets.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed