Spencer reflected, "For the benefit of our 1300+ stockholders we need to consider all of our options. There have been numerous acquisitions of service robotics businesses in the last few years, most notably Amazon's acquisition of Kiva Systems for their mobile robot based fulfillment system and their software, with a value of $775,000,000."
"Amazon's $775 Million Acquisition of Kiva Systems Could Shift How Businesses See Robots"
Read more: http://techland.time.com/2012/03/21/amazons-775-million-acquisition-of-kiva-systems-could-shift-how-businesses-see-robots/ - ixzz28ndBGwLQ
"In the last few days, two (2) nondisclosure agreements (NDA's) have been effectuated. Due to the sensitivity and delicacy of these ongoing negotiations that are now under binding, bilateral NDA's, it would not be in GeckoSystems' stakeholders best interest to reveal the specific parties involved at this time other than they have moved to a higher level of serious discussions. Regardless, the discussions are ongoing and have achieved an important milestone this week due to the need for the highest standards of confidentiality to protect all parties involved. Of course this bodes well in the event of an acquisition since the valuation of the company will be based on standard financial valuation analyses, such as Discounted Cash Flow (DCF), with sufficiently high hurdle rates. This is very good news since any acquisition of GeckoSystems would be at a significant premium to market," concluded Spencer.
Other recent U.S. robotics company acquisitions include:
Aldebaran Robotics -- acquired by Softbank
Xollai -- acquired by ReconRobotics
Cybernetix -- acquired by Technip
Shilling Robotics -- acquired by FMC Technologies
Trimaster -- acquired by Multivac
InterSense -- acquired by GENTEX
Hawkes Remotes -- acquired by Bluefin Robotics
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