JLG Industries acquires technology from Canvas to enhance automation in construction, aiming to reshape job sites with innovative robotic solutions.

Target Information

JLG Industries, Inc., a subsidiary of Oshkosh Corporation (NYSE:OSK), is a prominent global manufacturer specializing in mobile elevating work platforms (MEWPs) and telehandlers. Recently, JLG announced the acquisition of key technology from Canvas, a construction robotics firm based in San Francisco. Canvas is recognized for its innovative robotic solutions tailored for interior construction applications, particularly known for developing the world's first drywall finishing robot. This acquisition marks an important step in JLG's strategy to enhance its offerings through intelligent automation, transforming job sites from traditional enabling methods to executing jobs with greater efficiency using autonomous machinery.

Over the past six years, JLG and Canvas have collaborated closely, allowing Canvas to adapt its robotic technology to operate on JLG platforms. This long-standing relationship has fostered significant advancements in automating repetitive construction tasks, thereby reshaping job site productivity and safety. By harnessing Canvas's cutting-edge robotics, JLG aims not only to elevate operational efficiency but also to address the labor challenges faced in the construction industry.

Industry Overview

The construction industry today is rapidly evolving, driven by advancements in technology and automation. In the United States, challenges such as labor shortages and rising costs have necessitated the adoption of innovative solutions. The emergence of robotics and automation technologies is paving the w