Peoria Autonomous Mobility Tech Company Acquired

(Originally published by Peoria Journal Star. Story by Matt Buedel.)

More high-tech jobs appear headed to central Illinois with a Swedish firm’s announcement that it has acquired AutonomouStuff, the Morton-headquartered developer of autonomous vehicle systems.

Hexagon AB, a global developer of digital solutions with an emphasis on precision measurement technology, plans to expand the AutonomouStuff presence in the Peoria area once the necessary regulatory approvals for the transaction are complete, a process that is anticipated to be finished in about 90 days.

The acquisition price was not disclosed.

“We are not planning on abandoning in the Peoria area — quite the opposite,” said Michael Ritter, president of Hexagon Positioning Intelligence. “We plan on expanding. We are going to stay in the Peoria area for good.”

Read the full story at: