T. Rowe Price Leads Capital Increase for Manufacturing Startup Hadrian

MT Newswires Live01-09

T. Rowe Price (TROW), through accounts advised by the asset manager, led an expanded capital increase for Hadrian, valuing the automated factory startup at $1.6 billion, Hadrian said Friday.

The capital increase included participation from Altimeter Capital, D1 Capital Partners, StepStone Group (STEP), and 1789 Capital among others, the company said.

The capital is expected to be used to speed up factory expansion, workforce training initiatives, investments in automation, AI-enabled tools, and real-time manufacturing intelligence, Hadrian said.

Terms of the capital increase were not disclosed.

Price: 108.12, Change: -0.45, Percent Change: -0.42

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