Stihl acquires 23% of Danish robotics company, TinyMobileRobots
German industrial group Stihl – a leading manufacturer of chainsaw power tools, forestry machinery and robotic lawn mowers for prosumers and professionals – announced a significant investment in the Danish robotics company, TinyMobileRobots. Stihl’s robotic lawn mowers share a strong technical kinship with the advanced and fully autonomous line marking robots produced by TinyMobileRobots, which are intended for use in sports fields, road construction, agriculture and more.
Stihl Group has been closely following TinyMobileRobots’ rapid international growth in recent years, as the company has doubled in size each year. Recognizing the opportunity for further expansion, the corporate venture arm of the Stihl Group, Stihl Digital, acquired 23.8 percent of TinyMobileRobots, buying out the company’s former state-funded investment, managed by venture capital firm Borean Innovation, which was commissioned by the Danish Government as part of an environmental innovation program. Private investor Anders Fauerskov, former co-owner of TC Group, will continue to own part of the company and remains a significant capital partner within the new circle of owners.
“We have been looking for a strong partner capable of securing further growth and development – and partnering with Stihl is an absolute dream scenario,” said Jens Peder Kristensen, founder and CEO of TinyMobileRobots. “Together, we share a pool of knowledge, experience and skills, which will create great value for both companies. Right from the outset, we will also benefit greatly from Stihl’s worldwide network of dealers.”
TinyMobileRobots has continuously improved its proprietary technology, and itsline marking robots are widely used by a broad array of sports clubs, municipalities, airports and construction and engineering companies.
TinyMobileRobots’ solutions can be found on the grounds management staff of thousands of fields for sports teams, municipalities, construction sites and more across three continents. Its clients include Yale University, FC Dallas, The University of Michigan, Florida State University and Manchester United.
TinyMobileRobots are ideal for every sports league playing field, with more than 50 design configurations managed on a smartphone app. With the robots, an entire football field can be completed in less than two hours, and a soccer field in just 20 minutes.