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Cadre Holdings To Acquire Ground Robotics Manufacturer ICOR Technology

Cal Biesecker By
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Cadre Holdings To Acquire Ground Robotics Manufacturer ICOR Technology
ICOR's CALIBER FLEX robot. Photo: ICOR Technology

Cadre Holdings [CDRE] in late December said it has agreed to acquire ICOR Technology, a small Canadian developer and manufacturer of ground robotic platforms for public safety and military applications. Terms of the pending deal were not disclosed. The transaction is expected to close during the first quarter of 2024. ICOR had about $20 million in sales for the 12 months ending in July 2023. ICOR offers the CALIBER family of tracked robotic vehicles, ranging from the 735-pound MK4, which…

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