ReWalk Robotics to acquire anti-gravity tech provider AlterG for $19M

The AlterG anti-gravity treadmill. ReWalk Robotics acquired AlterG for an upfront price of $19 million. [Image from AlterG]ReWalk Robotics (Nasdaq:RWLK) announced that it executed an agreement to acquire AlterG, an anti-gravity system provider.

The deal includes a purchase price of approximately $19 million at closing. ReWalk expects to close the deal on Aug. 11, with closing contingent upon the satisfaction of customary closing conditions. Additional cash earnouts may be paid based upon a percentage of AlterG’s future revenue growth in the next two.

ReWalk aims to strengthen its long-term financial position and path to profitability through this deal. In fiscal 2022, AlterG generated $20 million in revenue and recorded a positive operating profit.

“This transaction is truly transformative for ReWalk and is a milestone in our long-term strategy for growth from both our existing portfolio of products and from synergistic acquisitions,” said Larry Jasin…

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