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Built Robotics Acquires Y Combinator-Backed Roin Technologies To Expand Beyond Autonomous Earthmoving

Jan 24, 2023almost 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.

Company Information

Company

Built Robotics

About

We first wrote about Built Robotics back in 2019, when the company was in the early stages of firing up its autonomous excavators. But as the pandemic sent everyone at Built HQ home, the company knew it had to change things up.

M&A Insights

Based on deal data
Integration 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