ReconRobotics Buys St. Paul Tech Firm Xollai
Edina-based miniature robot developer ReconRobotics, Inc., announced Wednesday that it has acquired Xollai, a St. Paul-based systems engineering firm.
Financial terms of the acquisition were not disclosed.
Xollai has developed technology that can help an unmanned aircraft land safely. It has also created image processing and recognition technology that can be used in security systems.
“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,” ReconRobotics CEO and President Alan Bignall said in a statement. “We are extremely excited about the strength of the Xollai engineering team and their intellectual property portfolio, each of which meshes perfectly with our stated goals of technological leadership and diversification within autonomous systems.”
ReconRobotics will retain all of Xollai's nine employees, growing the size of its staff to 54. Xollai become a part of ReconRobotics' product engineering and design operations; its St. Paul headquarters will become a ReconRobotics office location.
ReconRobotics develops miniature robots for military and police reconnaissance work. The company was formed in 2006 to commercialize robotics technology developed at the University of Minnesota Distributed Robotics Laboratory in Minneapolis. In February, the U.S. Army ordered 1,100 of its robots worth a total of $13.9 million-the largest order in the company's history.