Robotics & Automation News

Market trends and business perspectives

advisor

AE Industrial Partners sells BHI Energy to Westinghouse

by Leave a Comment

AE Industrial Partners, a US-based private equity firm specializing in aerospace, defense and government services, space, power and utility services, and specialty industrial markets, has signed a definitive agreement to sell its portfolio company BHI Energy to Westinghouse Electric Company.

Terms of the transaction were not disclosed.

For over 40 years, Weymouth, MA-based BHI has provided industry-leading specialty services to the power generation and electricity transmission and distribution end markets. [Read more…] about AE Industrial Partners sells BHI Energy to Westinghouse

Arsenal Capital Partners acquires automation solutions provider Eckhart from LFM Capital

by Leave a Comment

Arsenal Capital Partners, a private equity firm that specializes in investments in industrial growth and healthcare companies, has acquired automation solutions provider Eckhart from LFM Capital.

Financial terms of the transaction were not disclosed.

Eckhart’s advanced engineering, design, simulation, and integration services, along with proprietary tooling and other automation and robotics systems, support customers at critical points in the automation value chain. [Read more…] about Arsenal Capital Partners acquires automation solutions provider Eckhart from LFM Capital

Berkshire Grey valued at $2.7 billion after merger with Revolution Acceleration

by Leave a Comment

Berkshire Grey, a developer of integrated artificial intelligence and robotic solutions for e-commerce, retail replenishment, and logistics, has entered into a definitive agreement with Revolution Acceleration Acquisition, a special purpose acquisition company, to create a leading publicly listed robotics and automation solutions company with a post-transaction equity value of up to $2.7 billion.

Founded in 2013 by the current chief executive officer, Tom Wagner, PhD, the former chief technology officer at iRobot, BG is a pure-play robotics company offering fully integrated, AI-based software and hardware solutions to automate business operations in warehouses and logistics fulfillment centers.

The company’s solutions help retailers and logistics companies meet the exponential growth of e-commerce and ever-increasing consumer demands. BG’s management, engineering, and commercial teams each have extensive robotics expertise and deep industry experience. [Read more…] about Berkshire Grey valued at $2.7 billion after merger with Revolution Acceleration

UPS sells UPS Freight to TFI International for $800 million

by Leave a Comment

Logistics giant United Parcel Services has entered into an agreement to sell UPS Freight to TFI International for $800 million, subject to working capital and other adjustments.

Carol Tomé, UPS CEO, says: “We’re excited about the future and the opportunities this creates for both UPS and UPS Freight as part of TFI International.

“The agreement allows UPS to be even more laser-focused on the core parts of our business that drive the greatest value for our customers.” [Read more…] about UPS sells UPS Freight to TFI International for $800 million

Investment industry embraces and fears robo-advisors – but bionic advisor may be the better answer

by

robo advisor

High net worth investors need and want human advice backed by technology for better recommendations, reporting and access, says InvestEdge

The future of investment advice isn’t a battle of man versus machine, according to a commentary from InvestEdge.

The investment industry is excited – and fearful – about the rise of “robo-advisors”, systems that give automated investment advice. Robo-advisors offer investors lower costs and minimums, and some worry they will wipe out traditional “human” investment guidance. [Read more…] about Investment industry embraces and fears robo-advisors – but bionic advisor may be the better answer