Robotics & Automation News

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DMG MORI building Africa’s first machine tool factory

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DMG MORI, a manufacturing technology company with 12,000 employees in 87 countries and $2 billion in annual sales revenues, is building what it says is “Africa’s first machine tool factory” in Cairo, Egypt.

The decision was formally made at a meeting with Egypt’s President Abdel Fattah El-Sisi. In the presence of Prime Minister Dr Mostafa Madbouly, the company’s chairman, Christian Thönes, and AOI President Lt Gen Abdel Moneam Al Tarras signed the “pioneering cooperation agreement”.

Christian Thönes, chairman of DMG MORI Aktiengesellschaft, says:“Egypt is the door to Africa – a continent full of potential and high demand for future technologies. [Read more…] about DMG MORI building Africa’s first machine tool factory

Distalmotion raises $90 million to accelerate adoption of its surgical robot

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Distalmotion has raised $90 million in Series E financing to support the global commercialization of its surgical robot Dexter.

Revival Healthcare Capital led the round with participation from 415 Capital, as well as existing investors.

CE-marked Dexter shifts the paradigm of robotic surgery by bringing the surgeon back into the sterile field, allowing direct patient access at all times and integrating proven laparoscopic workflows into the robotic setup. [Read more…] about Distalmotion raises $90 million to accelerate adoption of its surgical robot

Sarcos Robotics ‘merges’ with Rotor Acquisition

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Shareholders in Rotor Acquisition, a publicly-traded special-purpose acquisition company, have approved what’s being described as a “business combination” – possibly meaning a merger – with Sarcos Robotics, a maker of exoskeletons.

Upon completion of the transaction, subject to the satisfaction of certain customary closing conditions, Rotor will change its name to Sarcos Technology and Robotics Corporation.

The post-closing company’s common stock and warrants are expected to commence trading on the Nasdaq under the ticker symbols “STRC” and “STRCW” respectively. [Read more…] about Sarcos Robotics ‘merges’ with Rotor Acquisition

Oqton raises over $40 million investment for its digital manufacturing platform

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Oqton, an American-Belgian software company specialising in artificial intelligence-powered solutions for the manufacturing industry, has raised more than $40 million in a Series A financing round, led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group.

The founding team – Samir Hanna and Ben Schrauwen – and several angel investors, including Carl Bass, who is the former CEO Autodesk, Dries Buytaert, of Drupal and Acquia, and Peter Mercelis, of Layerwise, also participated in the round.

The financing will be used to further develop its platform, while expanding its commercial partnerships in multiple domains and verticals, including additive manufacturing, robotic welding, and CNC machining. [Read more…] about Oqton raises over $40 million investment for its digital manufacturing platform

Lenovo and Schneider Electric partner to develop ‘smart green manufacturing’ in China

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Lenovo and Schneider Electric agreed a strategic partnership that will see the two companies working together on smart green manufacturing solutions for the flourishing Chinese manufacturing sector.

The partnership was unveiled at Lenovo Tech World, the company’s annual innovation summit, with Lenovo chairman and CEO, Yuanqing Yang and Schneider Electric chairman and CEO, Jean-Pascal Tricoire, there to shake hands on the deal.

Leveraging the strengths of both companies, the strategic partnerships will create powerful synergies by combining Lenovo’s Industrial Internet of Things LeapIOT solution with Schneider Electric’s smart green manufacturing solution based on EcoStruxure. [Read more…] about Lenovo and Schneider Electric partner to develop ‘smart green manufacturing’ in China

Volkswagen to invest €1 billion in new battery cell production facility

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Volkswagen is planning to move into the battery cell manufacturing market with an investment of €1 billion in a new production facility in Europe.

The automotive giant will set up the battery cell production facility in the Lower Saxony region of its native Germany.

The company is working with the local government to choose a suitable location for the factory complex, and is likely to partner with businesses from relevant sectors.

[Read more…] about Volkswagen to invest €1 billion in new battery cell production facility