The Minnesota based Toro Co., a manufacturer of turf maintenance, snow removal, and irrigation system supplies, recently announced its latest acquisition, Left Hand Robotics, Inc. According to the Minneapolis St. Paul Business Journal, terms of the deal were not disclosed, but Toro did note that this acquisition fits in well with their company strategy of developing next gen technologies like autonomous products.
Left Hand Robotics is a Colorado based company focused on automated outdoor equipment. Its product lineup includes machines that can be used for turf & grass maintenance, as well as snow and ice removal. The Company’s products can be monitored remotely through a website and mobile application. These types of products may have a huge impact on the future of the commercial landscaping environment as this equipment will be able to augment physical labor, allowing companies to be more efficient and take on more clients.
Quazar Capital was not involved in this transaction.
Read the Full Article Here: https://www.bizjournals.com/twincities/news/2021/03/02/toro-co-acquires-snow-blowing-robot-company.html
