Robotics & Automation News

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Toyota to acquire Lyft’s self-driving car division

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Lyft has signed an agreement with Woven Planet, a subsidiary of Toyota Motor Corporation, for the acquisition of Lyft’s self-driving vehicle division, which is named “Level 5” in reference to the SAE’s definitions of levels of autonomous vehicles.

The transaction also includes multi-year non-exclusive commercial agreements between Lyft and Woven Planet to accelerate the development and enhance the safety of automated driving technology.

Logan Green, Lyft co-founder and CEO says: “Today’s announcement launches Lyft into the next phase of an incredible journey to bring our mission to life. [Read more…] about Toyota to acquire Lyft’s self-driving car division

Berkshire Grey valued at $2.7 billion after merger with Revolution Acceleration

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Berkshire Grey, a developer of integrated artificial intelligence and robotic solutions for e-commerce, retail replenishment, and logistics, has entered into a definitive agreement with Revolution Acceleration Acquisition, a special purpose acquisition company, to create a leading publicly listed robotics and automation solutions company with a post-transaction equity value of up to $2.7 billion.

Founded in 2013 by the current chief executive officer, Tom Wagner, PhD, the former chief technology officer at iRobot, BG is a pure-play robotics company offering fully integrated, AI-based software and hardware solutions to automate business operations in warehouses and logistics fulfillment centers.

The company’s solutions help retailers and logistics companies meet the exponential growth of e-commerce and ever-increasing consumer demands. BG’s management, engineering, and commercial teams each have extensive robotics expertise and deep industry experience. [Read more…] about Berkshire Grey valued at $2.7 billion after merger with Revolution Acceleration

Bitcoin – providing boost to your business!

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Everyone wants to own a successful business but with the current competition it is quite difficult to grow a business. If you own a business and want to boost it, bitcoin can be of great help to you.

There are several advantages of using bitcoins in your business. You can visit bitcoin circuit trading software learn more about it.

Some of the top business benefits of bitcoin are listed below. [Read more…] about Bitcoin – providing boost to your business!

Uber completes acquisition of delivery robot startup Postmates

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Uber Technologies has completed the acquisition of delivery robot startup Postmates in an all-stock transaction.

The two companies have begun the process of integrating US operations.

The transaction brings together Uber’s global Mobility and Delivery platform with Postmates’ business in the US to strengthen the delivery of food, groceries, essentials, and other goods. [Read more…] about Uber completes acquisition of delivery robot startup Postmates

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

Daimler and Volvo launch €1.2 billion venture to develop hydrogen fuel-cell technology for trucks

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Volvo Group and Daimler Trucks have entered into a joint venture to develop, produce and commercialize hydrogen fuel-cell systems for use in heavy-duty trucks as the primary focus, as well as other applications.

The ambition of both partners is to make the new company a leading global manufacturer of fuel cells, and thus help the world take a major step towards climate-neutral and sustainable transportation by 2050.

Volvo will acquire 50 percent of the partnership interests in Daimler Truck Fuel Cell for approximately €600 million on a cash and debt-free basis. Closing of the transaction is expected during the first half of 2021. [Read more…] about Daimler and Volvo launch €1.2 billion venture to develop hydrogen fuel-cell technology for trucks

Nvidia to acquire Arm for $40 billion

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Nvidia and SoftBank Group have reached a definitive agreement under which Nvidia will acquire Arm Limited from SBG and the SoftBank Vision Fund (together, “SoftBank”) in a transaction valued at $40 billion.

The transaction is expected to be immediately accretive to Nvidia’s non-GAAP gross margin and non-GAAP earnings per share.

The combination brings together Nvidia’s leading AI computing platform with Arm’s vast ecosystem to create the premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets. [Read more…] about Nvidia to acquire Arm for $40 billion

ThyssenKrupp sells its elevator business for more than $17 billion

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Giant industrial conglomerate ThyssenKrupp says it has successfully completed the sale of its elevator business, marking a further important milestone in the transformation of the company.

The transaction closed after all the responsible authorities had approved the sale to a bidding consortium led by Advent International and Cinven.

ThyssenKrupp had reached an agreement with the consortium on the purchase of the elevator business earlier this year. With the closing, the company has received the contractually agreed purchase price, which was reported to be $17.2 billion. [Read more…] about ThyssenKrupp sells its elevator business for more than $17 billion

Mitsubishi-Hitachi Metals Machinery to acquire Siemens’ stake in Primetals Technologies

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Deal would make MHMM sole owner of Primetals Technologies

Mitsubishi-Hitachi Metals Machinery (MHMM) and Siemens have reached agreement for MHMM to acquire Siemens’ 49 percent stake in Primetals Technologies.

Closing of the transaction is subject to customary conditions and is expected by early 2020.

Siemens will support the process to ensure a successful closing of the transaction. Following closing, MHMM will assume sole control of Primetals Technologies. Financial details of the transaction were not disclosed. [Read more…] about Mitsubishi-Hitachi Metals Machinery to acquire Siemens’ stake in Primetals Technologies

Qualcomm confirms it is buying NXP for $47 billion

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qualcomm-snapdragon

Qualcomm and NXP Semiconductors have announced a definitive agreement, unanimously approved by the boards of directors of both companies, under which Qualcomm will acquire NXP.

Qualcomm will pay $110 per share in cash, representing a total enterprise value of approximately $47 billion.

NXP is a specialist in high-performance, mixed-signal semiconductor electronics, with innovative products and solutions and leadership positions in automotive, broad-based microcontrollers, secure identification, network processing and RF power.  [Read more…] about Qualcomm confirms it is buying NXP for $47 billion

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