Top > Webmaster > 2006 > May > 2006-05-21

Innova Completes CoroWare Acquisition

CoroWare, a specialist in systems integration and mobile service robotics, made public last week that its acquisition by Innova Holdings is complete. The companies have reached final agreements on Tuesday and CoroWare will become part of Innova`s robotics firm portfolio. CoroWare gives Innova a strong presence in the emerging service robotics marketplace.

The acquisition includes CoroWare Test Labs, a CoroWare subsidiary in Pittsburgh, PA, that provides impartial, objective conformance testing to ensure interoperability and communication standards compliance among intelligent, mobile service robotics applications. CoroWare will continue to operate from Bellevue, Wash., and expects all of its current employees to retain their jobs.

?We?re excited to be joining a company that focuses on the rapidly growing service robotics market,? said Lloyd Spencer, president and CEO of CoroWare. ?CoroWare has staked out its position at the cutting edge of mobile autonomous systems, and our technologies and capabilities complement Innova Holdings? current offerings in that area. This should be a great fit for both CoroWare and Innova Holdings.?