Robotics & Automation News

Market trends and business perspectives

acquisition

Locus Robotics acquires Waypoint Robotics

by Leave a Comment

Locus Robotics, a provider of autonomous mobile robots for fulfillment warehouses, has acquired Waypoint Robotics, a builder of omnidirectional mobile robots. Financial details were not disclosed.

Rick Faulk, CEO of Locus Robotics, says: “Locus is the proven leader in the development of highly productive and innovative AMR technology that efficiently solves our customers’ needs for total warehouse optimization.

“As order fulfillment and labor shortages continue to grow around the world, the acquisition of Waypoint Robotics will accelerate our ability to meet these global needs in just months rather than years, helping us drive the digital transformation of the warehouse.” [Read more…] about Locus Robotics acquires Waypoint Robotics

DroneDeploy acquires Rocos to ‘accelerate job site automation’

by Leave a Comment

DroneDeploy, a mapping and drone data specialist, has acquired Rocos, a New Zealand-based robotics software company.

The acquisition will enable DroneDeploy customers in construction, energy, agriculture, and more to deploy and orchestrate both aerial and ground robots on their job sites.

This acquisition will make physical workflow automation possible, creating more efficient and safer workplaces. [Read more…] about DroneDeploy acquires Rocos to ‘accelerate job site automation’

Toyota ‘accelerating’ its autonomous vehicle plans with Lyft’s Level 5 acquisition

by Leave a Comment

Toyota is accelerating its autonomous vehicle plans through its acquisition of Lyft’s Level 5, according to research company GlobalData. 

Toyota Motor’s tech investment arm, Woven Planet Holdings, has agreed to acquire shared mobility giant Lyft’s self-driving vehicle division Level 5 for $550 million.

In response to the news, Bakar Sadik Agwan, senior automotive consulting analyst at GlobalData, offers her analysis. [Read more…] about Toyota ‘accelerating’ its autonomous vehicle plans with Lyft’s Level 5 acquisition

Uber completes acquisition of delivery robot startup Postmates

by Leave a Comment

Uber Technologies has completed the acquisition of delivery robot startup Postmates in an all-stock transaction.

The two companies have begun the process of integrating US operations.

The transaction brings together Uber’s global Mobility and Delivery platform with Postmates’ business in the US to strengthen the delivery of food, groceries, essentials, and other goods. [Read more…] about Uber completes acquisition of delivery robot startup Postmates

Hyundai’s acquisition of Boston Dynamics can reinforce its position in smart mobility, says GlobalData

by Leave a Comment

Hyundai Motor Group has agreed to acquire approximately 80 percent stake in American engineering and robotics design company Boston Dynamics from SoftBank Group for $1.1bn.

The move can fuel Hyundai’s long-term goal to become a smart mobility solutions provider by leveraging Boston Dynamics’ robots such as bipedal and quadruped equipped with 3D vision, navigation and advanced intelligence, says data and analytics company GlobalData.

Venkata Naveen, senior disruptive tech analyst at GlobalData, says: “Hyundai’s move to acquire major stake in Boston Dynamics polarizes with many automakers competing to add their name to the me-too stack of autonomous carmakers by purchasing self-driving tech startups. [Read more…] about Hyundai’s acquisition of Boston Dynamics can reinforce its position in smart mobility, says GlobalData

PTC to acquire product lifecycle management provider Arena Solutions

by Leave a Comment

Computer-aided design specialist PTC has signed a definitive agreement to acquire Arena Solutions, a software as a service (SaaS) product lifecycle management (PLM) platform provider.

The acquisition will further PTC’s strategy to be the leader in the rapidly-growing market for SaaS-based product development software, enabling the company to deliver a complete CAD + PLM SaaS solution.

Under the terms of the agreement, PTC will acquire Arena Solutions for $715 million in cash. Subject to customary closing conditions and completion of regulatory review, the acquisition is expected to be completed in PTC’s fiscal Q2 2021. [Read more…] about PTC to acquire product lifecycle management provider Arena Solutions

Nvidia to acquire Arm for $40 billion

by Leave a Comment

Nvidia and SoftBank Group have reached a definitive agreement under which Nvidia will acquire Arm Limited from SBG and the SoftBank Vision Fund (together, “SoftBank”) in a transaction valued at $40 billion.

The transaction is expected to be immediately accretive to Nvidia’s non-GAAP gross margin and non-GAAP earnings per share.

The combination brings together Nvidia’s leading AI computing platform with Arm’s vast ecosystem to create the premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets. [Read more…] about Nvidia to acquire Arm for $40 billion

Dover acquires industrial automation company XanTec

by Leave a Comment

Dover Corporation, diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion, has completed the acquisition of XanTec.

XanTec Steuerungs und EDV-Technik is a developer and supplier of automation and control solutions for industrial machinery of all types with particular focus on plastic and polymer processing machines across the globe.

XanTec now becomes part of the Maag Group, a global provider of integrated and customizable process technology solutions for the polymer, chemical, petrochemical, pharmaceutical and food industries within Dover’s Pumps & Process Solutions segment. [Read more…] about Dover acquires industrial automation company XanTec

Industrial Automation Market: Rapid Advances Result in ‘Countless Applications’

by Leave a Comment

The rapid advances in technology since the turn of the 21st century, have yielded countless applications; especially in the industrial and manufacturing sector.

Industrial automation involves the use of control systems such as computers or automated systems such as robots to simplify different processes in an industrial manufacturing sector.

In earlier days, the purpose of automation was improving the overall productivity, be it manufacturing of labor management. [Read more…] about Industrial Automation Market: Rapid Advances Result in ‘Countless Applications’

ZF completes acquisition of US truck tech supplier Wabco

by Leave a Comment

ZF Friedrichshafen has completed the acquisition of American commercial vehicle technology supplier Wabco, having gained approval from all required regulatory authorities.

Wabco shares, previously listed on the New York Stock Exchange, have now ceased public trading.

Signalling the start of Wabco’s integration into ZF, the acquisition “unites two industry leaders” behind a shared vision to create a customer-focused powerhouse to advance commercial vehicle technology, says the company. [Read more…] about ZF completes acquisition of US truck tech supplier Wabco

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close