M&A advisory for automation & robotics companies
Robotics M&A has been steady through the cycle. Industrial automation majors have continued consolidating integrators, the warehouse and logistics automation wave produced a series of strategic and PE-led deals on the back of e-commerce, and surgical, agricultural and humanoid platforms have attracted renewed strategic attention. Buyers pay for installed base, recurring service revenue and qualified production rather than concept hardware.
The strategic buyer set spans ABB, FANUC, KUKA, Yaskawa and Universal Robots on the industrial automation side, with Boston Dynamics (under Hyundai) and the automotive Tier 1s active around humanoid and mobility-adjacent platforms. PE-backed integrator and warehouse automation roll-ups have been consistent acquirers in the mid-market. Flow has direct relationships with corporate development at the named strategics and with the sponsor platforms most active in the category.
Flow team has relevant sector experience and has worked with automation and robotics companies across industrial and collaborative robotics, warehouse and logistics automation, robotics integrators and system houses, machine vision and end-of-arm tooling, and service and humanoid platforms.
"Automation & robotics" KPIs M&A buyers look at
Key metrics strategics and PE buyers look at when analayzing automation & robotics M&A targets
Units deployed
Installed base uptime
Customer payback period
Hardware gross margin
Service attach rate
RaaS / software ARR
Recurring revenue mix
Manufacturing lead time
Bookings & backlog
Warranty reserve %
Net retention
Automation & robotics valuations in May 2026
Public automation & robotics comps trade at 4.0x EV/Revenue. Median revenue multiple across automation & robotics M&A deals was 2.9x in the last 12 months.
4.0x
Median EV/Revenue as of May 2026 for public automation & robotics companies
3.0x
Siemens is the highest valued public automation & robotics company based on EV/Revenue (excluding outliers)
2.9x
Median EV/Revenue across automation & robotics M&A deals in the last 12 months
49x
Median EV/Revenue across automation & robotics VC rounds in the last 12 months
Key recent automation & robotics M&A deals
$5.4B acquisition of ABB (robotics unit) by SoftBank was the largest automation & robotics M&A transaction completed in the last year.
See all automation & robotics M&A deals| Logo | HQ | Description | Buyer | ||||
|---|---|---|---|---|---|---|---|
Oct-25 | A | ABB (robotics unit) |  | - | SoftBank | $5.4B | 2.3x |
Mar-26 | CPM Holdings |  | CPM Holdings is a global supplier of processing equipment for animal feed, oilseed processing, bioenergy, extrusion, and food industries. The company offers pelleting systems, grinders, flakers, extruders, and automation controls under brands like California Pellet Mill and Ruiya. Headquartered in Waterloo, Iowa, CPM serves customers in North America, Europe, and Asia through manufacturing sites and service centers worldwide. | Rosebank Industries | $2.1B | 2.9x | |
Jun-25 | Ultra Precision Control Systems |  | Ultra Precision Control Systems is a manufacturer of miniature gas compressors and control systems for aerospace and defense applications. Located in Louisville, Kentucky, the company supplies helium recirculation units and pressure boosters for infrared sensor cooling on platforms like the F-35 fighter jet and Predator drones. Its products operate in extreme temperatures from -54°C to 71°C. | Eaton | $1.6B | 6.5x | |
Apr-26 | H | Honeywell (warehouse and workflow solutions unit) |  | Honeywell-Warehouse and Workflow Solutions Business provides material handling and warehouse automation solutions, including automated sortation systems, palletizers, conveyors, robotics, aftermarket services, and software. | American Industrial Partners | $1.4B | 1.5x |
Apr-26 | H | Honeywell (productivity solutions and services unit) | | Honeywell-Productivity Solutions and Services Business supplies connected hardware, software, and automation solutions to improve efficiency, cut costs, and grow revenue in logistics, retail, healthcare, and manufacturing. | Brady | $1.4B | 1.3x |
Sep-25 | Paragon | | Paragon is a supplier of instrumentation, controls, and replacement parts to the nuclear power generation industry across the U.S. Based in Fort Worth, Texas, the company provides HIPS human interface protection systems and CoreVision monitoring for plants like Comanche Peak and South Texas Project. Paragon conducts qualification testing per EPRI guidelines and operates an online marketplace for obsolete components from Westinghouse and GE designs. | Mirion | $585M | 3.9x | |
Dec-25 | Averna | | - | SPHEREA | $320M | - | |
Oct-25 | Overlook Industries | | Overlook Industries is a New Hope, Minnesota-based engineering firm specializing in single-use liquid dispensing systems for pharmaceutical and biotech filling lines. The company designs sterile connectors, bag assemblies, and automation to streamline aseptic processing and reduce validation times in cleanroom environments. | EnPro Industries | $280M | 4.7x | |
Apr-26 | R | Rantizo (drone unit) | | Rantizo (drone unit) provides a full commercial drone operations platform. | SKK Holdings | $260M | - |
Dec-25 | iRobot | | iRobot Corp is a United state based consumer robot company. It designs and builds robots that assist consumers with the solutions for the activities to be carried out both inside and outside of the home. The company's consumer robot comprises a portfolio of solutions which includes cleaning, mapping and navigation, human-robot interaction, and physical solutions. The company operates in the business segment of Consumer robots. The consumer robot products are provided to the consumers by retail businesses and online stores. The company derives its revenue from the product sales. It sells the products across the United States and around the world. | Picea | $254M | - | |
Nov-25 | M | Matthews International (warehouse automation unit) | | - | Duravant | $232M | 3.2x |
Mar-26 | MAVRIK | | - | HavocAI | $175M | - | |
Jul-25 | Monogram Orthopedics | | Monogram Orthopedics is a Salt Lake City-based medical device company developing personalized knee implants using 3D printing and robotic surgery systems. Its platform integrates patient-specific imaging with automated design algorithms to produce custom load-bearing joint replacements. Launched in 2015, the technology aims to improve fit, reduce recovery time, and minimize wear in total knee arthroplasty procedures. Monogram holds patents for its digital workflow connecting preoperative planning to intraoperative robotics. | Zimmer Biomet | $168M | - | |
Jan-26 | Scinomix | | Scinomix is a Missouri-headquartered supplier of laboratory automation solutions for the life sciences sector. It develops configurable systems for liquid handling, cell biology applications including growth, lysis, and harvesting, and specialized labeling for tubes, vials, and plates. | Ingersoll Rand | $90M | - | |
Jun-25 | Synthego | | Synthego is a genome engineering company founded in 2012 and headquartered in Redwood City, California. It accelerates life science research through CRISPR kits, engineered cell lines, and automation platforms. Synthego's full-stack offerings include hardware for high-throughput editing, bioinformatics software, and synthetic guide RNAs used by academic labs and pharma companies like Novartis in therapeutic development. | Perceptive Advisors | $85M | - |
Most active buyers of automation & robotics companies
Automated Industrial Robotics, HAHN Automation Group US and Relevant Solutions are the most active acquirers of automation & robotics companies in the last three years.
See all automation & robotics acquirers| Logo | HQ | Description | Key acquisitions | ||
|---|---|---|---|---|---|
Automated Industrial Robotics | | Automated Industrial Robotics is an industrial automation holding company that acquires and scales leading robotics firms. Based in the United States, it targets companies serving markets like manufacturing, logistics, and assembly with proven management and operations. Through its portfolio at industrialrobotics.com, AIR supports growth in robotic systems for material handling, welding, and precision assembly tasks across North American facilities. | KAON AutomationOwens DesignRobotics and Drives+1 | 4 | |
HAHN Automation Group US |  | HAHN Automation Group US is a subsidiary of the German automation leader, designing and integrating robotic systems for U.S. manufacturing. Based in Louisville, Kentucky, it builds custom assembly lines for automotive parts and medical devices using FANUC and ABB robots. | HAHN AutomationHAHN Plastics AutomationInvotec+1 | 4 | |
Relevant Solutions | | Relevant Solutions is a Charlotte-based provider of customized mission-critical services for enterprise clients in manufacturing and logistics. It delivers tailored solutions including equipment maintenance, supply chain optimization, and compliance consulting for sectors like pharmaceuticals and automotive. Serving Fortune 500 companies through facilities in North Carolina and Texas, Relevant Solutions emphasizes rapid deployment for high-stakes operational challenges. | Automation WerxControlled FluidsLoy Instrument+1 | 3 | |
Duravant | | Duravant is an equipment manufacturer serving food processing, packaging, and material handling industries through segments in Food Processing, Packaging Machinery, and Material Handling. It produces conveyors, washers, and sorters under brands like Key Technology, R.A. Jones, and Ohlson Packaging. Headquartered in Downers Grove, Illinois, Duravant operates 20 facilities across North America, Europe, and Asia, supplying systems to processors of fruits, vegetables, proteins, and confectionery. Acquired by private equity in 2018, it integrates technologies for automation in sanitary production lines. | Matthews International (warehouse automation unit)T-TEK Material HandlingNPI+1 | 3 | |
Atlas Copco |  | Atlas Copco is a 140-year-old Swedish company that pioneered air compression technology and remains a leading air compressor manufacturer. Atlas Copco is also a leading manufacturer of vacuum pump equipment, industrial power tools, and portable power and air compression equipment. The company's operations match the geographic breadth of its customers, with a presence in 180 countries. Atlas Copco's revenue is derived from three sources: initial equipment sales, spare parts, and maintenance. | VisionToolsAir Way AutomationSwed-Weld+2 | 3 | |
Englobe | | Englobe Corp is a Quebec City-headquartered engineering firm delivering soil remediation, environmental assessment, and materials testing services to clients in Canada, the northeastern US, UK, and France. Acquired by Canadian shareholders in 2021, it manages contaminated sites for industrial parks and municipalities using bioremediation and thermal treatment technologies. The company operates 30 labs and 50 offices, handling organic waste from pulp mills and mining operations under ISO 17025 accreditation. | Tetranex SolutionsBESTECHAAR Environmental Services | 2 | |
Ingersoll Rand | | Ingersoll Rand was formed through the merger of Gardner Denver and Ingersoll Rand's industrial segment. The firm’s portfolio consists of two business lines: industrial technologies and services, and precision and science technologies. Ingersoll Rand serves a variety of end markets, including industrial, medical, and energy. Its broad portfolio of products includes compression, blower and vacuum, and fluid management. Ingersoll Rand generated roughly $7.7 billion in revenue in 2025. | ScinomixTransvac SystemsXF | 2 | |
Taoping |  | Taoping Inc is a provider of cloud-app technologies for smart city IoT platforms, digital advertising delivery, and other internet-based information distribution systems in China. Its operating segment includes Cloud-based Technology (CBT), Blockchain Technology (BT), and Traditional Information Technology (TIT). It generates maximum revenue from the CBT segment. CBT segment includes cloud-based products and services offered to customers in the private sector including new media, healthcare, education, and residential community management. | Skyladder GroupYuntiAlphalion Holding | 2 | |
Etteplan |  | Etteplan Oyj is engaged in providing engineering services. The company's operating segment includes Engineering Solutions; Software and Embedded Solutions and Technical Documentation Solutions. It generates maximum revenue from the Engineering Solutions segment. The company serves Aerospace and Defense; Consumer Products; Energy and Power Transmission; Automotive and Transportation; Forest, Pulp and Paper; Industrial Machinery and Components; Lifting and Hoisting; Medical Technology; Metal; Mining and Materials Handling; Offshore and Marine and other industries. Geographically, it derives a majority of its revenue from Finland and also has a presence in Scandinavia; China and Central Europe. | Eltech AutomationHigh Vision EngineeringRaute+1 | 2 | |
ONDEX Automation | | - | Vision and Control SystemsNeoMatrixPlantOPS | 2 |
Founders and investors we've worked with
We've supported winning builders across automation & robotics and beyond.
Boryszew
We provided buy-side advice to Boryszew, a Warsaw-listed diversified industrial group across automotive, metals and chemicals, on industrial software market mapping and target screening for its buy-and-build strategy.
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Element
We provided buy-side commercial due diligence to Element Materials Technology, a London-headquartered global TIC services provider, on a series of potential add-on acquisitions in the testing, inspection and certification space.
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MAILINGWORK
We acted as exclusive sell-side advisor to MAILINGWORK, a Chemnitz-based email marketing software platform, on its sale to French digital marketing leader Positive Group.
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TestSolutions
We acted as exclusive financial advisor to Swiss PE firm Patrimonium on its majority stake acquisition of TestSolutions, a Frankfurt-based software testing and IT services provider.
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Rebellion Pay
We acted as exclusive sell-side advisor to Rebellion Pay, Spain's leading Gen Z neobanking platform, on its sale to Turkish consumer fintech unicorn Papara.
See moreRecent M&A advisory track record
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