announced that it acquired St. Paul systems engineering firm Xollai, a move that will expand its portfolio of technologies.
ReconRobotics provides micro-robot systems for the defense and law enforcement industries. Xollai has developed identification software and technology that helps unmanned aircraft land safely.
“This strategic acquisition will give us access to technologies that solve unmet needs in our current markets, as well as entirely new solutions in advanced manufacturing, image processing and unmanned aerial systems,” said Alan Bignall, CEO of ReconRobotics.
Bignall declined to comment on the specific synergies, except to say he looks forward to combining the talented people in both companies. He said in general, a fundamental building block of robots is helping them see better and Xollai’s technology will assist in that.
ReconRobotics did not disclose the financial terms of the deal. All of Xollai’s nine employees will join ReconRobotics, bringing the total number of workers to 54 people. Xollai will remain based in St. Paul and will become part of ReconRobotics’ product engineering and design operations.
ReconRobotics is a fast-growing company. Since it’s founding in 2006, ReconRobotics says it has grown to be one of the top six robot delivery companies in the world. In February, the company announced its largest contract to date, a $13.9 million agreement to deliver 1,100 robots to the U.S. Army.
“In a short period of time, ReconRobotics has created an entirely new class of police and military robots that has revolutionized tactical operations,” said Robert Malecki, CEO of Xollai. “Our technologies hold similar groundbreaking potential in entirely new sectors and we are delighted to now be working with ReconRobotics to successfully commercialize these solutions for a worldwide market.”
Malecki is now ReconRobotics’ Director of Engineering.
Source: Star Tribune