Morton's AutonomouStuff acquired by Swedish company - Peoria-area News, Weather, Sports

Morton's AutonomouStuff acquired by Swedish company

Posted: Updated:
MORTON, Ill. (WEEK) -- -

A local robotic vehicle development company was acquired over the weekend by a Swedish company.

Morton's AutonomouStuff was acquired by Hexagon AB, a technology company specializing in construction and engineering. 

“When combined with our positioning intelligence, mapping and sensing technology leadership, this acquisition creates a nexus of domain expertise that will lead the autonomous mobility industry for years to come," said Hexagon President and CEO Ola Rollén. 

Hexagon said U.S. regulators are expected to sign off on the deal in the next 90 days. 

AutonomousStuff was founded in 2010. 

Powered by Frankly