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Robotic Assistance Devices acquired by OMVS

September 6, 2017Paul Ragusa

LAGUNA HILLS, Calif.—Robotic Assistance Devices (RAD), a North American distributor for SMP Robotics, announced its acquisition by On the Move Systems or OMVS. The deal was finalized on Aug. 31.The reverse merger with OMVS allows RAD access to capital to scale its product portfolio and help further increase its market position in the robotic guard market, according to Steve Reinharz, RAD president and CEO.“The goal is to really work to be the dominant player in the delivery of a variety...

Garrett Parsons, OMVS, RAD, Robotic Assistance Devices, Steve Reinharz