Robotics & Automation News

Market trends and business perspectives

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India’s richest man spends $132 million buying majority stake in robotics company

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India’s richest man, Mukesh Ambani, has bought the majority stake – 54 percent – in a robotics company called Addverb Technologies through his Reliance Industries conglomerate.

Addverb Technologies is a warehouse automation company, mainly in the intralogistics space, providing autonomous mobile robots and other systems, and was already working with Reliance Industries.

The purchase of the shares took place during the startup’s latest funding round. [Read more…] about India’s richest man spends $132 million buying majority stake in robotics company

Bosch increases stake in fuel-cell maker Ceres Power to €90 million

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Bosch is strengthening its strategic collaboration with fuel-cell expert Ceres Power by increasing its stake to 18 per cent.

Bosch, an industrial giant and a leading provider of automotive systems, previously had a stake in Ceres of 3.9 per cent.

The stake increase is achieved through a subscription by Bosch for new Ceres Power shares, as well as the purchase of further shares from existing shareholders. [Read more…] about Bosch increases stake in fuel-cell maker Ceres Power to €90 million

Mitsubishi Electric takes a stake in Realtime Robotics

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Mitsubishi Electric Corporation has taken an equity stake in Realtime Robotics, Inc. a U.S. technology startup that develops and commercialises motion-planning technologies.

Motion planning is the process of calculating and determining the optimised path that a robot should take to reach a goal without colliding with any obstacle. Realtime Robotics’ motion path planning solution performs the necessary calculations in real time.

Funding by Mitsubishi Electric is expected to accelerate the development of industrial robot systems offering enhanced safety and performance.

[Read more…] about Mitsubishi Electric takes a stake in Realtime Robotics

Large Kuka shareholder Voith sells stake to Midea

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One of Kuka’s biggest shareholders has sold its stake in the robot-maker ahead of a possible takeover by Midea, the Chinese manufacturer of household appliances. 

Midea has offered to buy the whole of Kuka for $5 billion, and already owns a significant share in the German company.

Now, a large, family-owned company called Voith is to sell its share in Kuka to Midea.  [Read more…] about Large Kuka shareholder Voith sells stake to Midea