The transaction occurs a few months after the Attabotics submitted to protect creditors, amid problems with cash flows.
Startup robotics based on Kalgary Attabotics I sold my remaining assets to family systems Lafayette Systems.
Asset purchase agreement takes place a few months after attabotics malfunctionHe stopped almost 200 employees and submitted to protect creditors against the background of cash flows.
Attabotics revenue increased to 11.4 million dollars. The United States in 2022, and then fell to $ 3 million. The United States in 2024 amid market turbulence.
Lafayette will acquire “almost all Attabotics assets, including all intellectual property, equipment and reserves” as part of the transaction on September 17, according to the documents filed in court of King Alberta. Applications of the court of creditors' protection Published online Attabotics trustee Richter indicates that the Lafayette rate was the highest of six, but the final purchase price and other trading participants were not disclosed.
Lafayette Systems is based in Kentucky, in the United States (USA), and was formed last month by the husband and wife Bruce and Beth Robbins. They are also co -founders of the company from Kentukka, based in Kentukki Lafayette Engineeringwhich was launched in 1989. Lafayette Engineering specializes in the development and installation of controls for an automated industrial warehouse conveyor and sorting systems. Company customers include sports products and Dick Sporting Goods and Wine and Spirits Fedways distributor.
Founded in 2015 by CEO Scott Gravell, Attabotics, aimed at violating the large -scale industry of commerce, by increasing the flexibility and speed of warehouse processes and reducing the warehouse needs, allowing retail sellers to place the centers of the execution of robots to urban areas. The company's system was inspired by the vertical 3D structure of ants.
Attabotics replaced the passages of traditional centers of execution on the structure of storage and robotic shuttles, which more effectively used the space. The technology of the company was adopted by large retail companies, including Canadian tireIN NordstromAnd TescoField
CONNECTED: Attabotics startup robotics are closed and completes employees
The development and provision of this system requires great capital, and Attabotics has attracted approximately $ 220 million. USA for general financing of joint -stock capital from a group of high -profile investors, including The Government of CanadaIN Export of Canada (Edc), The Council of Pension Plan of the Ontario Teachersand American industrial production giant Honeywell– What is this reportedly He had the opportunity to sell 350 million US dollars in 2020.
Attabotics switched to commercialization in 2022 and saw that annual income increased to $ 11.4 million. USA. But annual sales fell to $ 3 million during the “turbulent” 2024 amid the growth of interest rates, limited consumer expenses, lower demand for e -commerce, global uncertainty and malnutrition of the supply chain, according to court applications.
These applications also stated that the company, which has never been profitable, published growing annual losses, which reached $ 49.5 million. USA in 2024. According to LogicsTechnical problems scored the growth of technology and tense relations with customers.
The documents indicate that the Attabotics business began to stabilize from the end of 2024 to the beginning of 2025, and received $ 30 million in the new business. Nevertheless, it says that the problems with the cash flows of Attabotics scared investors and stopped their attempt to raise the round of the D series, leaving him incapable of fulfilling his obligations.
The largest creditor Attabotics, EDC, left him with a notification in June. The statement said that Attabotics began the process of stopping the next month with assets of almost 32 million US dollars and obligations of more than 73 million dollars.
Image function is provided AttaboticsField
