ROBOTICS, AUTOMATION, AND AI M&A ON THE RISE - ROBO Global
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M&A REPORT 1H 2019
ROBOTICS, AUTOMATION, AND AI M&A ON THE RISE
By Jeremie Capron, Research Director, and Lisa Chai, Senior Research Analyst, ROBO Global
Mergers & Acquisitions (M&A) are heating
up in Robotics, Automation & AI (RAAI)
and new deals seem to come every day.
In the past three months alone, three
members of the ROBO Global Artificial
Intelligence Index (THNQ) were the
target of an acquisition, and in the first half
of 2019, 45 deals involving 30 members of
the ROBO Global Robotics & Automation
Index (ROBO) and totaling over $15.2B
were announced, while venture funding
exceeded $8B. In this report, we look
at the data and discuss key trends including the return of megadeals, the focus on software,
healthcare and autonomous vehicles, as well as implications for investors.
The catalysts for accelerating M&A are many. First, demand for RAAI technologies and applications
is increasing dramatically, in part because the world is now generating unimaginable quantities of
big data—the fuel that powers machine intelligence. Second, innovation is enabling rapid reductions
in costs, as well as dramatic increases in performance capabilities. Innovations in sensing,
computing, communication, and more are changing not only how RAAI is applied in nearly every
industry and every geography across the globe, but also the future of robotics as we know it. That
shift is driving a tremendous wave of activity in M&A and fundings worldwide.
In the first half of 2019, 45 M&A deals involving 30 members of the ROBO Index were announced worth over $15.2B.
This represents an uptick from the 43 M&A deals involving 26 members and worth approximately $14.8B that
were announced in 1H2018. We expect this trend to continue throughout the remainder of the year as demand for
engineering talent increases and innovations continue at a rapid pace. For the Artificial Intelligence Index (THNQ),
we witnessed 78 M&A deals involving 40 members worth over $88B year to date.
Venture funding in robotics and artificial intelligence continued its impressive climb, with an increase of 18% in funding
environment versus the first half of last year. Private companies in autonomous vehicles attracted record levels of
funding, with over $6B raised YTD by venture capital.
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M&A REPORT 1H 2019
THE RETURN OF MEGA DEALS Nvidia and Mellanox Technologies
• One of the biggest acquisitions year-to-date from
among our ROBO Index members was Nvidia’s purchase
of Mellanox Technologies, a high-end networking
One marked differentiation between 2019 and 2018 is the
equipment provider, to expand its data center business.
number of mega deals by established companies, many
The $6.9B deal is by far the largest acquisition in Nvidia’s
of which are enabling companies to shift their previously
history and it beat out two other interested companies
core strategies to take advantage of current market
for the purchase. Mellanox’s high speed, low latency
trends. In an environment with low borrowing costs and
interface technology is very complementary to Nvidia’s
in which many large strategic buyers have significant cash
products in handling datacenter and AI application
on the balance sheets, there hasn’t been a better time
workloads. The deal highlights the importance of high
to utilize M&A to grow and diversify existing business
speed interconnects and networking in solving the
models. Within the ROBO Index, six megadeals with a
bottleneck issues in a datacenter environment.
transaction value greater than $1B were announced in
the past 18 months, and three deals greater than $5B
Dassault Systèmes and Medidata
announced year-to-date. Within the THNQ Index, there
were 18 megadeals with a transaction value greater than • Dassault Systèmes’ $5.8B acquisition of Medidata,
$1B announced in the past 18 months, and six deals a member of both the THNQ and HTEC indices,
greater than $5B announced year-to-date. In addition, represents the largest acquisition for the company to
three members of the index were acquired in the past date. Already a leading player in software for aviation
three months. and industrial markets, Dassault is turning to the life
sciences and medical industries. US-based Medidata
Bristol-Myers Squibb, a member of our Healthcare offers a cloud-based platform that gives researchers the
Technology & Innovation Index (HTEC), announced its tools to design, manage, and collect data from clinical
intent to acquire Celgene for $89B in January 2019, and trials. Dassault believes these combined talents will
Danaher, another HTEC Index member, announced its empower the life sciences industry with an end-to-end
intent to acquire GE’s BioPharma business for $21.4B in business platform. Dassault views the digitization of
February 2019. In software, THNQ Index member IBM’s the clinical trial industry as a major growth opportunity
$34B acquisition of Red Hat marked the third largest for the company, and Medidata’s large data sets are
technology acquisition ever in the US. a key enabler of that vision. Medidata has data from
17k clinical trials and 45 billion patient records from 2
While M&A deal activity in software is increasing by million providers that will support Dassault’s push into
the day, consolidation in the chip industry has virtually data analytics in the fast-growing markets of clinical
halted. One key reason for the deceleration has been trials and personalized medicine.
the impact of the US/China trade dispute, which has
introduced increased uncertainty around regulatory Salesforce and Tableau Systems
approval. In a move that effectively sidestepped these • Salesforce.com (THNQ Index Member) announced
regulatory concerns while expanding the company’s chip its intent to acquire Tableau Systems (THNQ Index
processing business, Broadcom announced its intent Member) for $15.7B, or 40% premium to the stock price,
to acquire network management software company CA making it the largest ever acquisition in Salesforce’s
Technologies for $19B in January 2019. 20-year history. With Tableau’s easy-to-use visualization
and data management platform, Salesforce is hoping
A brief look at some of the largest deals in the first half of to provide its customer base a way to analyze business
the year demonstrates the push for companies to acquire data and make smarter decisions with the use of
new technologies to compete in an increasingly digital machine learning. And with both Google and Microsoft
landscape: now strongly pursuing the business intelligence and
analytics market using AI, Tableau and Salesforce are
joining forces to continue to invest in AI and machine
learning layers to provide enterprises with intelligence
about their customers with a touch of a button.
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HP Enterprise and Cray Inc. Brooks Automation and Genewiz Group
• In March, Cray Inc. (THNQ Index Member), a global • B
rooks Automation’s (ROBO and HTEC Index Member)
supercomputer leader, was acquired by Hewlett Packard $450M deal for privately held Genewiz Group is the
Enterprise for $1.3B in cash. Cray has a leadership largest life sciences move Brooks has made to date.
position in the top-100 supercomputer installations Brooks is an automation and cryogenic services
around the world. The explosion of data from artificial company serving a range of industries, including
intelligence, machine learning, and big data analytics semiconductor and life sciences. For Brooks, the
are driving customer needs to manage the complexity acquisition of Genewiz comes about a month after the
of data that is being created. Cray’s portfolio of company sold its semiconductor business for $675M.
supercomputers will allow HP Enterprise to compete By acquiring Genewiz, Brooks will gain a company that
in the high-performance computing and AI segments specializes in the important areas of gene sequencing
that both require significant computational capabilities and synthesis services with more than 4,000 global
designed to support AI workloads. customers and labs all over the world. Genewiz’s variety
of genomic services and its innovative platform is
complementary to Brooks’ life sciences offering across
SPOTLIGHT ON HEALTHCARE
the complete life cycle of biological samples in its
cryogenics and sample management business.
Bristol-Myers Squibb and Celgene
The flurry of M&A activity in the healthcare technology • B
ristol-Myers Squibb’s (HTEC Index Member) $74B
sector has been focused in biotech and robotics. Key merger with Celgene is the largest healthcare deal
initiatives include narrowing the time it takes to launch announced this year. The combined company will have
a breakthrough drug and embracing technology to nearly $38B in annual sales and command a leading
transform patient care and patient service. We expect position in the $123B global market for cancer drugs. Its
M&A activity in the healthcare sector to continue its combined franchises will include the top market leader
momentum throughout the year. in oncology, the top five companies in immunology and
inflammation, and a leader in cardiovascular diseases.
Some of these acquisitions are the result of an increasing Bristol-Myers Squibb pioneered the development
number of technology vendors moving into healthcare. of cancer drugs known as immunotherapies, which
Life sciences and the healthcare industry are experiencing unleash the body’s immune system on tumors. Celgene’s
massive transformations as they upgrade their entire impressive portfolio of innovative cancer therapeutics,
infrastructures from legacy IT infrastructures. Meanwhile, including a new gene therapy known as CAR T-cell
biopharma is seeing mega mergers as their blockbuster therapy, will help Bristol-Myers Squibb’s immuno-
drugs face stiff competition from generics. In the past 10 oncology portfolio to help it compete with rival Merck.
years, there has been very little breakthrough in innovation The merger is currently pending regulatory approval.
by the pharmaceutical industry. According to a recent
Deloitte report, the average return on R&D at top pharma Danaher and GE’s BioPharma Unit
companies is at the lowest level in almost a decade, as the
cost of discovering new drugs has risen sharply. These large • In February, Danaher (HTEC Index Member) seized
drug makers are forced to make acquisitions in life sciences the opportunity presented by General Electric’s recent
to drive sales once patents run out on existing drugs. struggles and subsequent restructuring by announcing
plans to acquire the BioPharma Unit, part of GE
Medidata’s acquisition by Dassault illustrates the start Healthcare’s Life Sciences division. This cash purchase of
of a major convergence of technology and healthcare. approximately $21.4B will add BioPharma’s broad portfolio
Looking out, we anticipate there will be a pickup in medical of equipment and special resins in the discovery and mass
technology M&A, including genomic testing companies production of biopharmaceuticals to Danaher’s offerings.
and diagnostic tool providers, as well as a continued GE Biopharma was responsible for $3B in revenues, and
robust funding environment for digital health and data the consumable business is very attractive for Danaher,
management companies. giving it access to new recurring revenues as it expands
further into the life sciences and diagnostic industry.
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Varian Medical Systems and CTSI, Endocare, Embolic Bead, and Alicon
• V
arian Medical Systems (ROBO and HTEC Index member) has been very active this year, with four acquisitions year-to-
date as the company expands its Cancer Care Solutions portfolio. Cancer Treatment Services International (CTSI) was
purchased for $285M in May, and Endocare ($185M), Boston Scientific’s Embolic Bead Asset ($90M), and Alicon ($30M)
were acquired in July. CTSI, a privately held company, will give Varian expertise in cancer care center operations to
support the company’s evolution into a broad-based cancer care solutions company. Embolic Bead will add solutions
for multidisciplinary integrated cancer care, and Endocare and Alicon will provide solution sets for cancer therapies.
M&A FORECAST IN SOFTWARE: THE FUTURE IS DATA
The emergence of AI and machine learning combined with the massive amounts of data that is being created every day
has put intense load on data centers. As a result, cloud-based, high-performance computing infrastructures have now
become mission critical for businesses in nearly every industry. With an emphasis on advanced networking capabilities
to run workloads across various machines, we are witnessing a record number of M&A deals in all industries. Perfect
examples of this trend are HP Enterprise’s deal for global supercomputer leader Cray and Salesforce’s purchase of
Tableau. Other indicators of what lies ahead include:
• T
raditional reporting and business intelligence layers are moving to the modern cloud environment. This shift is
triggering M&A deals, and the opportunity is vast as the majority of Fortune 500 companies are still storing data in
traditional data warehouses.
• A
s technology solution providers endeavor to embed AI tools into their software stacks to meet the needs of their
customers who are moving data into the cloud or hybrid environments, data analytics and predictive analytics
companies remain hot areas of acquisition interest.
• G
oogle’s $2.6B acquisition of startup company Looker—one of the largest acquisitions for the company—and
Salesforce paying out 9x forward sales for Tableau both validate the push into the cloud and confirm how much
companies are willing to pay for data analytic companies.
FUNDING ACROSS THE RAAI LANDSCAPE
Meanwhile, the funding for early-stage growth companies in robotics, automation, and AI (RAAI) continued its record
climb, with $8.4B in funding in the first half of 2019, an increase of 18% from 20181, and an impressive 170+ robotic
startups have been funded so far this year alone. In June, there were 42 robotics investments, compared with about
26 deals in May and marking sharp growth compared to 27 investments in the whole of 2018. Autonomous vehicles,
AI and robotics, and industrial automation for manufacturing and service robots were key areas of investments2. Seed
and Series A deals continued to account for at least 50% of the deal share in the last few years3. The biggest reported
transaction in June 2019 was the $600M funding of Aurora Innovation by Hyundai Motor Group, Kia Motors Corp., and
Baillie Gifford. Aurora, which is developing the driver hardware and software platform for self-driving cars, also raised
$530M from Amazon.com and Sequoia Capital in February. Lidar technology continues to be in demand, a fact that
enabled Innoviz Technologies to raise $170M in capital this year. However, the largest transaction by far this year has
been by Cruise, the California-based autonomous vehicle division of General Motors, which raised another $1.5B in
funding in May 2019, bringing the company’s total to $7.25B in capital in just the past 18 months.
1
According to The Robot Report.
2
According to The Robot Report.
3
According to CB insights.
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The most active funding in the space has been in two segments: autonomous driving and consumer/service robotics, which
raked in record investments of $6B and $840M, respectively. For AI technologies, global market leaders continue to acquire AI
talent and AI startups.
Here are some highlights of the most interesting funding activity we have seen this year:
• U ber’s Advanced Technology Group raised $1.1B to develop self-driving cars. The investments will
help scale up production.
• N uro.ai raised $940M from SoftBank to develop robotic delivery vehicles. The funding comes just over a
year after the company raised $92M in a Series A from Silicon Valley-based Greylock Partners and China’s
Gaorong Capital.
• H orizon Robotics raised $600M to support its development of processors that enable AI at the edge,
including in autonomous vehicles and for IoT (Internet of Things) devices.
• AnyVision raised $74M for its facial recognition system.
• Leju Robotics raised $36M for its high-end humanoid robots.
• PAZZI raised $11.2M for its pizza-making robots and Dishcraft Robotics raised $25M for dishwashing
robots.
• A uris Health, an FDA-approved endoscopy robotic platform provider, was sold to Johnson & Johnson for
$3.4B.
• Endeavor Robotics was sold to FLIR Systems (ROBO Index Member) for $385M. A provider of tactical
unmanned ground vehicles, Endeavor is very complementary to FLIR’s core portfolio.
According to PwC and CB Insights, healthcare also saw high levels of funding, with more than 221 deals and $4.6B in funding
in the US driven by diagnostics, biotech, and digital health deals. FinTech and AI companies are the top two emerging areas
by investments. AI-related companies raised more than $7.6B in funding, while the digital health sector saw $3.7B in inflows
versus $2.8B last year.
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Top 10 Digital Health Companies (Private) Healthcare Funding YTD
COMPANY TOTAL FUNDING (M) COMPANY TOTAL FUNDING INDUSTRY
American Well $517 Grail $1,600 Diagnostics/Genomics
Proteus Digital Health $487 23andMe $786 Genomics
Heartflow $477 Auris Health $733 Robotics
Sharecare $380 BioNTech AG $686 Genomics
Health Catalyst $377 Oxford Nanopore Technologies $625 Genomics
Outset Medical $373 Zymergen $574 Genomics
Modernizing Medicine $333 ADC Therapeutics $526 Biotechnology
Welltok $252 Relay Therapeutics $520 Biotechnology
Livongo $235 American Well $517 Healthcare IT
Zocdoc $223 Samumed $438 Biotechnology
CHINA’S QUEST FOR GLOBAL AI LEADERSHIP
China continues to make strides toward its goal of becoming the global leader in AI. Businesses supported by the
Chinese government are collaborating to make China the world’s top AI innovation center by 2030, and they are making
good progress. Baidu, Alibaba, and Tencent have all acquired and built companies in San Francisco and Seattle to
penetrate into the US and invest in engineers with AI skills. The government’s latest venture capital fund is expected to
invest more than $30B in AI and related technologies in China. Companies in China continue to acquire developers of
AI hardware and software for autonomous driving, language processing, facial recognition, and behavior recognition.
In 2018, US AI startups received $9.3B in venture funding—a number that, according to several research firms, may
have been surpassed by Chinese investments. While the US has many more AI-related firms than China today, China is
closing the gap rapidly.
THE INVESTOR TAKEAWAY
As of June 30, 2019, the ROBO Global Robotics & Automation Index returned 22%, significantly outperforming broad
global equity market indices. Quarter after quarter, the financial markets continue to highlight RAAI as one of the most
important investment opportunities of our generation. The history of M&A since the inception of the Index illustrates
this fact. Within the select universe of ROBO Global Robotics & Automation Index members, nine index members have
been acquired, and another four were targets of failed takeover attempts.
ROBO Index:
Announcement Date Acquirer Target Company Deal Value Completed
(Index Members) ($mm)
9/25/2013 Stryker Mako Surgical $1,650 YES
4/11/2014 Ametek Zygo Corporation $280 YES
6/18/2014 TE Connectivity Measurement Specialties $1,700 YES
9/26/2014 KUKA Swisslog Holdings $357 YES
9/20/2015 Dialog Semi Atmel Corporation $4,600 NO
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ROBO Index: (cont.)
Announcement Date Acquirer Target Company Deal Value Completed
(Index Members) ($mm)
5/18/2016 Midea Kuka $5,000 YES
5/19/2016 FMC Corp (merger) Technip (merger) $13,000 YES
10/26/2016 GE Arcam $700 YES
10/26/2016 GE SLM Solutions $733 NO
12/12/2016 Teledyne E2V Technologies $789 YES
3/13/2017 Intel Corp Mobileye $15,300 YES
10/31/2017 Emerson Rockwell $29,000 NO
11/6/2017 Broadcom Qualcomm $146,000 NO
3/1/2018 Microchip Technology Microsemi Corp $9,838 YES
8/27/2018 Atlas Copco Brooks Automation Cryogenics $675 YES
9/20/2018 Medtronic Mazor Robotics $1,340 YES
THNQ Index: (cont.)
Announcement Date Acquirer Target Company Deal Value Completed
(Index Members) ($mm)
6/10/2019 Salesforce Tableau $15,300 NO
6/11/2019 Dassault Systemes Medidata $5,800 NO
5/17/2019 Hewlett Packard Enterprise Cray $1,300 NO
The significant uptick in M&A in the first half of 2019 confirms the continued momentum of this trend and the
opportunity for investors. As we continue into the second half of the year, we expect to see M&A activity—both
completed acquisitions and ongoing attempts—to continue across the RAAI landscape, including within the ROBO
Global Robotics & Automation Index.
ROBO Global Robotics & Automation Index: ROBO
Announcement Date Acquirer Target Company Deal Value
(Index Members) ($mm)
3/11/2019 NVIDIA Corp Mellanox Technologies Ltd $6,340
6/12/2019 Dassault Systemes SE Medidata Solutions $5,818
4/3/2019 Shenzhen Inovance Technology Co Ltd Shanghai Beisite Electronics Co Ltd $414
4/24/2019 Xilinx Inc Solarflare Communications $400
2/11/2019 FLIR Systems Inc Endeavor Robotic Holdings $382
4/29/2019 John Bean Technologies Corp Proseal UK Ltd $285
5/20/2019 Varian Medical Systems Inc Cancer Treatment Services International $283
6/5/2019 Teledyne Technologies Inc Gas and flame detection business/Minnesota $230
1/28/2019 FLIR Systems Inc Aeryon Labs $200
6/10/2019 Varian Medical Systems Inc Endocare Inc,Hangzhou Alicon Pharmaceutical Co Ltd $185
6/19/2019 Blue Prism Group plc Thoughtonomy Ltd $98
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ROBO Global Robotics & Automation Index: ROBO (cont.)
Announcement Date Acquirer Target Company Deal Value
(Index Members) ($mm)
3/8/2019 Delta Electronics Inc Amerlux Inc $90
7/2/2019 Varian Medical Systems Inc Boston Scientific’s Embolic Bead Asset $90
7/12/2019 Aspen Technology Inc Mnubo Inc $78
5/29/2019 Schneider Electric SE AutoGrid Systems Inc $75
1/22/2019 John Bean Technologies Corp Lektro Inc $48
1/28/2019 BioTelemetry Inc Geneva Health Solutions $45
1/7/2019 QIAGEN NV N-of-One Inc $30
6/11/2019 AeroVironment Inc Pulse Aerospace Inc $26
5/9/2019 Varian Medical Systems Inc CyberHeart Inc $25
1/18/2019 IPG Photonics Corp Submarine systems division/Padtec S/A $20
7/1/2019 Nordson Corp Optical Control Gmbh & Co Kg $18
4/1/2019 Lincoln Electric Holdings Inc Baker Industries Inc, Soldering business $15
1/28/2019 Rockwell Automation Inc Emulate3d Ltd $12
2/25/2019 Hexagon AB Thermopylae Sciences & Technology LLC $11
6/10/2019 Ocado Group PLC Jones Food Co Ltd $10
1/7/2019 Hexagon AB Etalon AG, j5 International Ltd, AMendate Unknown
GmbH, Melown Technologies SE
1/28/2019 Zebra Technologies Corp Temptime, Profitect Unknown
1/30/2019 Teradyne Inc Lemsys SA Unknown
3/1/2019 Siemens AG KACO new energy GmbH, NHV/Saab Medav Technologi, Unknown
Assets/ESTEQ Group, IST Innovative Software Technologie GmbH
3/8/2019 Cargotec Oyj Cetus Labs Unknown
4/4/2019 Daifuku Co Ltd Vega Conveyors & Automation Ltd Unknown
5/15/2019 Lincoln Electric Holdings Inc Kaynak Teknigi Sanayi ve Ticaret AS Unknown
5/17/2019 Mitsubishi Electric Corp Iconics Inc Unknown
6/11/2019 PTC Inc TWNKLS BV Unknown
6/20/2019 iRobot Corp Root Robotics Inc Unknown
6/24/2019 Novanta Inc ARGES GmbH Unknown
*Bloomberg, The Robot Report & Crunchbase
ROBO Global Artificial Intelligence Index: THNQ
Announcement Date Acquirer Target Company Deal Value
(Index Members) ($mm)
1/16/2019 Fiserv Inc First Data Corp $38,171
6/10/2019 salesforce.com Inc Tableau Software Inc $13,981
6/3/2019 Infineon Technologies AG Cypress Semiconductor Corp $9,386
3/11/2019 NVIDIA Corp Mellanox Technologies Ltd $6,340
6/12/2019 Dassault Systemes SE Medidata Solutions Inc $5,818
6/24/2019 Capgemini SE Altran Technologies SA $5,177
6/6/2019 Alphabet Inc Looker Data Sciences Inc $2,600
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ROBO Global Artificial Intelligence Index: THNQ (cont.)
Announcement Date Acquirer Target Company Deal Value
(Index Members) ($mm)
5/17/2019 Hewlett Packard Enterprise Cray $1,300
3/27/2019 ON Semiconductor Corp Quantenna Communications $937
2/19/2019 Palo Alto Networks Inc Demisto $560
4/22/2019 ON Semiconductor Corp East Fishkill Fab facility $430
5/29/2019 Palo Alto Networks Inc Twistlock $410
4/24/2019 Xilinx Inc Solarflare Communications Inc $400
6/3/2019 Accenture PLC BRIDGE Energy Group, SinnerSchrader, Zielpuls, Cirruseo $268
3/12/2019 Appen Ltd Figure Eight Technologies Inc $241
2/4/2019 Tesla Inc Maxwell Technologies Inc $237
4/3/2019 Accenture PLC Droga5 LLC $212
1/7/2019 Amazon.com Inc CloudEndure Ltd $200
7/9/2019 Alphabet Inc Elastifile Ltd $200
2/11/2019 Amazon.com Inc eero Inc, Bebo, TSO Logic, Ad technology/Sizmek $182
5/28/2019 Microsoft Corp Drawbridg, Citus Data, Express Logic, Marketo KK $172
1/8/2019 Alibaba Group Holding Ltd Data Artisans, Infinity Augmented Reality, Teambition.com $153
4/2/2019 SoftBank Group Corp LeaseQ Inc, Oravel Stays Pvt Ltd, Kinema Systems $129
5/6/2019 Proofpoint Inc Meta Networks Ltd $120
3/26/2019 Spotify Technology SA Cutler Media LLC, Anchor FM Inc, Gimlet Media Inc $100
6/19/2019 Blue Prism Group plc Thoughtonomy Ltd $98
3/5/2019 Accenture PLC Enterprise System Partners, Deja VU Security, $84
BCT Solutions Pty Ltd, Hjaltelin Stahl KS, Storm Digital BV
7/12/2019 Aspen Technology Inc Mnubo Inc $78
1/11/2019 Tencent Holdings Ltd Medbanks Network Technology, Sharkmob AB $59
4/24/2019 MongoDB Inc Tightdb $39
4/10/2019 Amazon.com Inc Canvas Technology LLC $25
5/2/2019 Booking Holdings Inc Venga $25
5/9/2019 Netflix Inc StoryBots Inc, Egyptian Theatre $15
5/29/2019 Palo Alto Networks Inc PureSec Ltd Unknown
5/28/2019 Shopify Inc Handshake Corp Unknown
5/28/2019 Intuit Inc Origami Logic Inc Unknown
5/22/2019 Zendesk Inc Smooch Technologies Inc Unknown
4/8/2019 Accenture PLC Shackleton SA, Certain assets, Unknown
What IF! China Holdings Ltd, Orbium Holding AG
4/4/2019 Alteryx Inc ClearStory Data Inc Unknown
4/2/2019 Pure Storage Inc Compuverde AB Unknown
3/21/2019 Amadeus IT Group SA ICM Airport Technics Australia Pty Ltd Unknown
3/12/2019 Yandex NV Znanie Development Co Ltd Unknown
2/25/2019 Verisk Analytics Inc Content as a Service Business/Germany Unknown
2/19/2019 Alphabet Inc Alooma Inc, Superpod Inc Unknown
2/6/2019 New Relic Inc SignifAI Inc Unknown
1/30/2019 Teradyne Inc Lemsys SA Unknown
9 INFO@ROBOGLOBAL.COM | WWW.ROBOGLOBAL.COMM&A REPORT 1H 2019 ROBO Global Artificial Intelligence Index: THNQ (cont.) Announcement Date Acquirer Target Company Deal Value (Index Members) ($mm) 1/28/2019 ASML Holding NV Mapper Lithography BV Unknown 1/23/2019 Adobe Inc Allegorithmic SAS, Marketo KK Unknown 1/22/2019 Nutanix Inc Chromotif Inc Unknown 6/20/2019 iRobot Corp Root Robotics Inc Unknown *Bloomberg, The Robot Report & Crunchbase 10 INFO@ROBOGLOBAL.COM | WWW.ROBOGLOBAL.COM
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