RW Thrive, the employee-owned holding company of Realityworks, has announced the acquisition of BirdBrain Technologies LLC., a prominent manufacturer of high-performance robotics components and kits. This strategic move significantly expands RW Thrive's presence in the educational robotics market, reinforcing its mission to empower students to explore, innovate, and excel in STEM fields.
Timm Boettcher, CEO of RW Thrive, emphasized the alignment between the two companies, stating, "We are thrilled to welcome BirdBrain Technologies to the RW Thrive family. Their dedication to quality, performance, and community aligns perfectly with our mission to provide students with the resources they need to succeed in Career Technology Education and STEM fields."
BirdBrain Technologies, founded in 2010 by Dr. Tom Lauwers, has built a strong reputation for supporting STEM education across various levels. Their innovative product lines and commitment to educational resources have made them a trusted partner for STEM and Computer Science educators globally. Dr. Lauwers expressed enthusiasm about the acquisition, noting, "Joining RW Thrive presents a tremendous opportunity to amplify our work towards our mission while sustaining the impact we have worked so hard to make. We share RW Thrive's passion for education and specifically STEM and Computer Science education. Together, we can reach more students and inspire them to pursue careers in STEM."
The acquisition promises several benefits for both companies. Firstly, it expands RW Thrive's product offerings in the STEM education market, enhancing the learning tools available under its portfolio. Secondly, the combination of BirdBrain Technologies' robotics expertise with RW Thrive's educational experience will result in more effective learning experiences for both students and teachers. Finally, the merger strengthens community support, allowing the combined companies to have a broader reach and deeper connection with the STEM, robotics, and Computer Science communities, ultimately benefiting educators and students alike.
RW Thrive is committed to maintaining the BirdBrain Technologies brand and its core values, ensuring a seamless integration that respects the legacy and contributions of BirdBrain Technologies to the educational field.
Investment banking advisory services for the transaction were provided by Taureau Group, LLC, while legal counsel for RW Thrive was provided by DeWitt LLP. BirdBrain Technologies received legal counsel from Kams Law Group LLC.
RW Thrive continues to be dedicated to empowering learners of all ages in science, technology, engineering, and mathematics (STEM). Through its subsidiaries, including Realityworks and now BirdBrain Technologies, RW Thrive offers hands-on learning experiences, cutting-edge technology, and expert support to educational institutions and robotics teams worldwide. Additional information about the companies can be found at RW Thrive and BirdBrain Technologies.
