autoguide

RG Group agrees distribution and integration partnership with AutoGuide Mobile Robots

April 1, 2020 by Sam Francis Leave a Comment

RG Group has agreed a distribution and integration partnership with AutoGuide Mobile Robots.

Rich Freeh, president and CEO of RG Group, headquartered in York, PA, announced the agreement with AutoGuide, a leading supplier of high payload autonomous mobile robots (AMRs).

AutoGuide robots are used to improve operational workflows by organizations of all sizes – across a broad spectrum of industries. [Read more…] about RG Group agrees distribution and integration partnership with AutoGuide Mobile Robots

Teradyne completes acquisition of AutoGuide Mobile Robots

December 9, 2019 by David Edwards Leave a Comment

Teradyne has completed the acquisition of AutoGuide Mobile Robots, a leading supplier of high payload autonomous mobile robots (AMRs).

AutoGuide’s advanced products deliver easy deployment, improved safety, reduced costs and increased efficiency of industrial and warehouse material-handling operations.

Mark Jagiela, president and CEO of Teradyne, says: “AutoGuide’s safe, high-payload AMRs for the global forklift market provide a powerful, additional growth engine to Teradyne’s Industrial Automation group. [Read more…] about Teradyne completes acquisition of AutoGuide Mobile Robots

Teradyne doubles down on mobile robots with AutoGuide acquisition

October 23, 2019 by Sam Francis

By Ash Sharma, research director, robotics, Interact Analysis

Teradyne this week announced that it would be acquiring mobile robot vendor AutoGuide Mobile Robots for $165 million.

This announcement comes 18 months after it acquired autonomous mobile robot vendor Mobile Industrial Robots (MiR) for $148 million, illustrating its ambitions in the sector.

AutoGuide had revenues of just $4 million in 2018. However, the combined mobile robot business would place Teradyne as a top 15 vendor. [Read more…] about Teradyne doubles down on mobile robots with AutoGuide acquisition

Teradyne to acquire AutoGuide Mobile Robots for $165 million

October 23, 2019 by Sam Francis

Teradyne is again strengthening its position in the robotics and automation market with another acquisition after already buying Universal Robots and Mobile Industrial Robots.

Teradyne and AutoGuide Mobile Robots have entered into a definitive agreement under which Teradyne will acquire privately held AutoGuide for $165 million – $58 million net of cash acquired plus $107 million if certain performance targets are met extending potentially through 2022.

The acquisition is expected to close in the fourth quarter of 2019, subject to customary closing conditions and regulatory approval. [Read more…] about Teradyne to acquire AutoGuide Mobile Robots for $165 million