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automation

Convergix Automation solutions acquires Eagle Technologies

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Convergix Automation Solutions, an automation solutions company backed by private equity firm Crestview Partners, has completed the acquisition of Eagle Technologies, a Bridgman, Michigan-based systems integrator specializing in turnkey automated production and testing solutions.

Following Convergix’s acquisitions of JMP Solutions in August 2021, Classic Design in February 2022, and AGR Automation in August 2022, Eagle marks the fourth acquisition in Crestview’s strategy to build Convergix into a diversified automation solutions provider targeting the global $500+ billion market, with a particular focus on the $70 billion global systems integration and connectivity segments.

Financial terms of the transaction were not disclosed. [Read more…] about Convergix Automation solutions acquires Eagle Technologies

Doosan Industrial Vehicle partners with Kollmorgen for automation

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Doosan Industrial Vehicle (DIV), a global South Korean forklift manufacturer, is partnering with German industrial automaton specialist Kollmorgen to secure its “leading position” in the material handling industry.

The objective is to innovate and build efficient, sustainable, and reliable custom made automated guided vehicles that exceed their customers’ future requirements.

Present in over 90 countries, DIV is known for their award-winning vehicles that focus on powerful performance, comfort, and ease-of-use. [Read more…] about Doosan Industrial Vehicle partners with Kollmorgen for automation

Covariant raises $75 million in Series C funding

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Covariant, an AI robotics company, has raised an additional $75 million in Series C funds, bringing its total funding to $222 million.

Returning investors Radical Ventures and Index Ventures co-led the round, which also saw additional funding from returning investors Canada Pension Plan Investment Board and Amplify Partners.

The round also welcomed new investors Gates Frontier Holdings, AIX Ventures, and Northgate Capital. [Read more…] about Covariant raises $75 million in Series C funding

Will a robot take my job? Notre Dame researcher says this view is overly pessimistic

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With the impact of industrial robots on the US labor markets in the past two decades, and an ever-increasing presence of machine-driven technology (such as artificial intelligence and ChatGPT), many employees have feared that one day robots will take their jobs.

Not necessarily so, according to research recently published by Yong Suk Lee, an assistant professor in the University of Notre Dame’s Keough School of Global Affairs.

He and his co-author, Auburn University’s John Chung, found that industrial robots, particularly those used within the automotive industry, complemented human workers rather than replaced them – some even working collaboratively, side-by-side. [Read more…] about Will a robot take my job? Notre Dame researcher says this view is overly pessimistic

Flexiv partners with Doco Engineering to meet ‘expanding US robotics demand’

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Flexiv, a developer of general-purpose robotics solutions, has formed a partnership with Californian system integrator DOCO Engineering.

This latest alliance will further expand Flexiv’s presence within the North American market and enable more people to experience the benefits of adaptive automation solutions.

As demand for Flexiv’s robots continues to grow, so does Flexiv’s network of channel partners. Specifically chosen and vetted, each of Flexiv’s channel partners is not only an automation expert, but they have also demonstrated a commitment to service excellence. [Read more…] about Flexiv partners with Doco Engineering to meet ‘expanding US robotics demand’

Addverb opens second software development centre in India

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Addverb, a warehouse robotics and automation company, has inaugurated a new Software Development Centre (SDC) in Noida, India.

The centre, based in Skymark One, Noida, will enable Addverb to focus on developing cutting-edge enterprise software solutions for the company’s expanding range of robots and will help Addverb to become the world’s biggest robotics company and provide products and solutions in different domains like airports and healthcare apart from material handling and warehouse automation.

The new SDC’s launch aligns with the company’s ambition of developing intelligent warehouse automation solutions for clients globally, the company already has a manufacturing facility called Bot-Valley in Noida, India which also has an R&D facility and a customer experience centre and is coming up with one of the world’s largest robot manufacturing facilities in Greater Noida, India. [Read more…] about Addverb opens second software development centre in India

euroTECH’s Vacuum Lifter System Increases Efficiency and Ergonomics in Wood Processing

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A long-standing wood processing company in the Black Forest, Germany, is facing challenges in maintaining efficiency and ergonomics in a tight labor market.

To tackle this issue, the company has implemented partial automation through the use of euroTECH’s vacuum lifter solution for loading the crosscut saw.

This system reduces the workload of employees, making the company a more attractive employer in a physically demanding industry. [Read more…] about euroTECH’s Vacuum Lifter System Increases Efficiency and Ergonomics in Wood Processing

Europalco buys two robots from Kuka to add ‘wow factor’ to shows

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Europalco, a Portuguese company which claims to be “the largest provider of solutions for events and shows in Southern Europe”, has recently invested in two Kuka robots to “create differentiating events with a new ‘wow factor’” for its clients.

Europalco plans to use the Kuka KR210 robots in many ways, with LED walls, LCD, lasers, and even artists or people assisting the events. The robots can hold, move, or animate monitors or video screens. They can also be used to produce props and mobile stage designs. The range of applications is limitless.

The Kuka KR210 are fast, dynamic, and flexible to bring splendid effects to the stage and the event. Engineers can leverage the flexibility of robots to create fascinating static stage sets for performance. [Read more…] about Europalco buys two robots from Kuka to add ‘wow factor’ to shows

Top Benefits of Using Automation in Your Business

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When you think of robotics, what comes to mind? If you’re a sci-fi buff, you might automatically think of The Terminator. After all, it’s a great movie and probably made you excited for what was to come.

But the thing is, technology has come a long way since then. Now, it’s normal to find robots working in a variety of sectors.

In terms of business, robotics and automation can transform how you run your company. Aside from automating routine tasks, there’s quite a few other benefits to implementing both into your daily operations. [Read more…] about Top Benefits of Using Automation in Your Business

Factory Visit: Investment bankers tour client’s robot-filled machine shop

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Investment and automation specialists John Slater and Jorge Maceyras, of Focus Investment Banking, make a factory visit to a client of theirs, and find that robotics is integral to the operation.

Do you have any robots?

When we posed that somewhat naïve question to the CEO of an extreme high precision machine shop in 2014, we got the response we deserved.

“Look up on the landing.”

There, we saw a hulking industrial robot our client had acquired years before to satisfy his auto industry customer that had a factory full of such behemoths. The unwieldy, difficult to program, creature had no role in the high mix low volume shop and had long been consigned to serve as the firm’s robot museum. [Read more…] about Factory Visit: Investment bankers tour client’s robot-filled machine shop