Robotics & Automation News

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LG acquires majority stake in Bear Robotics

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LG Electronics has taken a significant step in advancing its robotics capabilities by securing a majority stake in Bear Robotics, a prominent Silicon Valley-based startup specializing in AI-driven autonomous service robots.

This acquisition aligns with LG’s strategy to strengthen its presence in the robotics sector, a key growth area for the company.

LG’s board of directors exercised a call option in January to acquire an additional 30 percent stake in Bear Robotics.
[Read more…] about LG acquires majority stake in Bear Robotics

Top Robotics and Automation Stocks to Watch in 2024: A Guide for Tech Investors

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The robotics and automation sector is exploding with potential. Industries everywhere – from manufacturing to healthcare – are embracing robots and automation to streamline processes, cut costs, and boost productivity.

For investors, this wave of tech-driven change means opportunities to tap into growth.

But with so many options, finding the right stocks can be a challenge.

[Read more…] about Top Robotics and Automation Stocks to Watch in 2024: A Guide for Tech Investors

Bosch to acquire 12 percent of Husqvarna

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Bosch has agreed to acquire shares in the long-established Swedish company Husqvarna. The acquisition will increase its shareholding to roughly 12 percent in the company’s share capital in total. Numbers were not disclosed. 

Husqvarna is listed on Nasdaq Stockholm. In acquiring these shares today, Bosch intends to strengthen the battery alliance between the two companies.

Husqvarna also includes the Gardena subsidiary and its Flymo brand, both of which are also partners in the Bosch Power Tools division’s “Power for All Alliance”. [Read more…] about Bosch to acquire 12 percent of Husqvarna

SSI Schaefer fully acquires DS Automotion

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The SSI Schaefer Group, an international provider of modular warehousing and logistics solutions employing some 10,000 people, and DS Automotion, a provider of mobile robotics such as automated guided vehicles and autonomous mobile robots, have signed an agreement under which SSI Schaefer will acquire all shares in DS Automotion.

Through the new agreement, SSI Schaefer will expand the minority interest it has held since 2018 to reflect the growing importance of autonomous and mobile robotics and the AGV business in intralogistics.

The acquisition of the remaining shares will take effect on March 1st, 2023 and is subject to approval by Austria’s Federal Competition Authority. [Read more…] about SSI Schaefer fully acquires DS Automotion

Miso Robotics opens Series E funding round after already raising $50 million

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Miso Robotics, the robotics company specialising in the restaurant industry with, is opening its Series E funding round after raising more than $50 million through equity crowdfunding in its Series C and D.

The company is aiming to raise $40 million this round and plans to use the new capital to more rapidly satisfy the product demand it is facing in the marketplace, as well as grow its workforce, which has more than tripled in size in the past year.

It is currently accepting investment reservations in this round while it undergoes the SEC review process.  [Read more…] about Miso Robotics opens Series E funding round after already raising $50 million

All stocks on the Robotics and Automation News list show growth

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This website does not give financial or investment advice – we would need a specific license for that.

But we made a list a couple of years ago of industrial companies related to our news coverage, and all of them – without exception – have seen increases in their share prices over a 52-week period, with several growing by more than 50 percent.

That is true for each of the past two years we have analyzed. In fact, last year when we checked, many more companies – at least 10 – had grown by more than 50 percent. Probably because last year saw an intensification in the wider public’s interest in robotics, automation and artificial intelligence.

Much as we’d like to, we don’t claim to be responsible for some of this, but it may interest readers to know that our website audience has grown by several hundred percent in the past two years, to almost a quarter of a million unique visitors a month. Ironically, some of it may be bots, but that is true of most websites these days.

We made the list more as a way of learning about the sector and to see which companies to watch and write about.  [Read more…] about All stocks on the Robotics and Automation News list show growth

Largest robotics and automation investment fund now has $1 billion in assets under management

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ROBO, believed to be the first robotics and automation exchange traded fund, has reached a new milestone in terms of its assets under management.

Index provider ROBO Global, which has holdings in more than 100 listed companies, says investors have embraced its dedicated focus on robotics, automation and artificial intelligence.

The ROBO Global Robotics & Automation Index ETF recently surpassed $1 billion in assets under management, and its managers say it has achieved the psychologically significant benchmark less than four years after launching.  [Read more…] about Largest robotics and automation investment fund now has $1 billion in assets under management