Robotics & Automation News

Market trends and business perspectives

teradyne

Teradyne becomes leading power in collaborative robotics. Now owns MiR and Universal Robots

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US industrial giant Teradyne has become a powerful force in the collaborative robotics sector with the purchase of Mobile Industrial Robots, the maker of warehouse robots.

The new acquisition adds to Teradyne’s existing purchase of Universal Robots, which is the leading supplier of collaborative industrial robotic arms. Teradyne, which specialises in supplying automatic test equipment, generated approxmately $2.2 billion revenue in 2017.

Teradyne announced the acquisition of privately held MiR of Odense, Denmark for €121 million ($148 million) net of cash acquired plus €101 million ($124 million at current exchange rate) if certain performance targets are met extending through 2020. [Read more…] about Teradyne becomes leading power in collaborative robotics. Now owns MiR and Universal Robots

Systems design: Teradyne standardizes simulation tasks using Cadence technology

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Teradyne, the industrial giant which owns Universal Robots, has standardized its simulation tasks using technology from Cadence Design Systems.

Teradyne’s standardization uses Cadence’s Xcelium Parallel Logic Simulator, which is claimed will accelerate the development of application-specific integrated circuits.

Teradyne uses ASICs for delivery of its automation equipment for test and industrial applications.  [Read more…] about Systems design: Teradyne standardizes simulation tasks using Cadence technology

IFR’s projected growth of collaborative robots market ‘in line’ with Universal expectations

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The International Federation of Robotics’ new report into the global industrial robotics market predicts significant growth in the collaborative robotics segment.

Universal Robots is widely regarded as the market leader in collaborative robots, having been the first to launch such machines almost 10 years ago and having sold more than 10,000 units since.

Having started out in Denmark, Universal Robots is now part of the US industrial giant Teradyne.  [Read more…] about IFR’s projected growth of collaborative robots market ‘in line’ with Universal expectations

Markets update: Investments in robotics and related technologies

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By investment analysts at Market News Updates

The robotics sector has experienced record growth in the US, partly as a result of the government’s a policy of discouraging manufacturers from leaving the country.

As a result, American businesses have turned towards robotics and automation technologies to cope with rising labor costs.

Because of this, investors positioned in companies pursuing robotics, retail automation and artificial intelligence technologies are rewarded with new 52-week highs.  [Read more…] about Markets update: Investments in robotics and related technologies

Universal Robots delivers high double-digit growth again

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Jürgen von Hollen, the new president of Universal Robots
Jürgen von Hollen, president of Universal Robots

Universal Robots has continued its rapid expansion worldwide with a growth rate of 62 per cent from 2015 to 2016.

The company that pioneered and commercialised collaborative robot technology continues to leverage its first mover advantage and market leadership position.

Cage-free, user-friendly collaborative robots of all sizes have now become the market driver within industrial robotics.

The 2016 annual result of Universal Robots is a testament to that market growth, with revenue reaching $98.4 million and delivering a profit of $13.7 million before tax.

President of Universal Robots, Jürgen von Hollen, considers net income to be satisfactory and expects revenue growth of 50 per cent or greater in 2017, which means that the company will stay on target to reach $148.6 million by the end of 2017. [Read more…] about Universal Robots delivers high double-digit growth again