MTD Products acquires two companies

Deal includes makers of robotic greens mower.

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January 28, 2015
Equipment Top Stories

MTD Products has acquired two companies, including the makers of a robotics greens mower.

MTD purchased Precise Path Robotics, an Indianapolis-based company that has brought to market the world’s only commercially available autonomous greens mower, the RG3, designed specifically for golf course putting greens. Advanced robotic technology allows the RG3 to travel in straight lines and along curved perimeters without the need of an operator to guide it – enabling golf course superintendents to achieve consistent and excellent course conditions while reducing operating costs.

MTD also acquired CORE Outdoor Power (CORE), a Polson, Mont.-based company that powers outdoor lawn care equipment with gasless motor technology that produces higher torque and increased efficiencies than traditional electric motors. CORE Outdoor Power’s products have received accolades from leading industry media for having the performance and durability of gas engines and the ability to withstand the most demanding commercial applications, while producing zero emissions and little noise.

“MTD is committed to the professional market,” said Rob Moll, CEO, MTD Products. “Robotic and gasless technologies have the power to transform the world of outdoor power equipment and we look forward to bringing the benefit of these new innovations to our consumer and trade customers.”

Precise Path Robotics is a leader in advanced robotic outdoor equipment, with patented technologies that will enable the development of a wide range of robots for use in a variety of outdoor environments, including golf courses, sports fields and residential homes. Precise Path’s robust and modular system architecture integrates a variety of custom and off-the-shelf sensor technologies that are combined in a unique way that produces precise cutting patterns. Core Outdoor Power’s Conductor Optimized Rotary Energy (CORE) motor produces high-torque rotary motion at higher efficiencies and power levels than conventional electric motors.

“MTD has a history of bringing game-changing innovation to the market,” said Jean Hlay, President and COO, MTD Products, “and these two acquisitions serve to reinforce our core principles and accelerate the pace with which we bring our vision of the future to life.”