Robotics & Automation News

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Teledyne Technologies to acquire FLIR Systems

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Teledyne Technologies and FLIR Systems have entered into a definitive agreement under which Teledyne will acquire FLIR in a cash and stock transaction valued at approximately $8 billion.

Under the terms of the agreement, FLIR stockholders will receive $28 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of $56 per FLIR share based on Teledyne’s 5-day volume weighted average price as of December 31, 2020.

The transaction reflects a 40 percent premium for FLIR stockholders based on FLIR’s 30-day volume weighted average price as of December 31, 2020. [Read more…] about Teledyne Technologies to acquire FLIR Systems

Service robotics market grows by 33 percent in China

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China’s robotics industry outlook remains positive post-Covid-19 outbreak, especially across manufacturing, hospitality, and healthcare sectors.

This is according to a new report, How is Covid-19 Shaping China’s Robotics Industry?, by YCP Solidiance, which highlights that the $8 billion robotics industry projects a positive long-term growth forecast highlighting robotic automation and its useful applications across different industries.

Investment Contraction in China Following Covid-19: The Covid-19 outbreak has caused investment contraction in Q1 2020 – between 50 percent to 57 percent year-on-year, setting off a difficult funding situation across China and globally. [Read more…] about Service robotics market grows by 33 percent in China

Amazon signs up Balyo to provide robotic solutions

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French robotics software startup Balyo has signed a seven-year commercial agreement with Amazon on robotic solutions.

Balyo says the deal is a “decisive step” in its development, and supports the added value of its robotic solutions and will potentially boost their deployment.

Under the agreement, Amazon would obtain the right to subscribe up to 29 per cent of Balyo’s capital depending on the level of potential future orders by Amazon up to €300 million. [Read more…] about Amazon signs up Balyo to provide robotic solutions

Panasonic introduces autonomous ride share service around its Japan HQ

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Panasonic has launched autonomous ride share service around its headquarters, which cover an area of approximately 468,000 sq meters and has about 14,000 staff. (See video below.)

The company says that, as autonomous driving evolves and interest in mobility as a service grows, there are “increasing expectations” for their adoption in towns and communities.

Panasonic says offering an autonomous ride share service for its employees around its headquarters in Kadoma City, Osaka Prefecture, Japan, is the first step towards this direction. [Read more…] about Panasonic introduces autonomous ride share service around its Japan HQ

Groupe PSA carries out autonomous driving tests in L3Pilot project

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Since the start of April, Group PSA’s vehicles equipped with level 3 autonomous driving functions have been operating on open roads in France as part of the European L3Pilot project.

Six to eight vehicles will undergo intensive driving tests to validate autonomous functions on dual carriageways.

The project is strengthening Groupe PSA’s expertise in the development of autonomous vehicles, thanks to a global ecosystem of partners, including European carmakers, research centres and roads authorities.

[Read more…] about Groupe PSA carries out autonomous driving tests in L3Pilot project

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