1. The acquisition includes:
– certain intellectual property
– the manufacturing operations in Richmond, Virginia
– the engineering operations in Richmond, Virginia
– sales
2. Intellibot will be integrated into Sealed Air’s Diversey Care division and its leading brand of TASKI floor cleaning machines.
President of Diversey Care, Dr. Ilham Kadri, believes the acquisition will help grow the robotic floor cleaning machine market.
“The combination of Diversey Care’s industry expertise and global reach and Intellibot’s artificial intelligence technology will help accelerate the development of the robotic floor cleaning machines market – ultimately driving efficiencies and business value for the hygiene industry.”
3. Sealed Air does not expect the transaction to be material to is consolidated financial position or results of operation.
The financial terms of the transaction were not disclosed.
