Robohub.org
 

Another Chinese acquisition of a European robotics manufacturer

by
19 November 2017



share this:

Huachangda Intelligent Equipment, a Chinese industrial robot integrator primarily servicing China’s auto industry, has acquired Swedish Robot System Products (RSP), a 2003 spin-off from ABB with 70 employees in Sweden, Germany and China, for an undisclosed amount. RSP manufactures grippers, welding equipment, tool changers and other peripheral products for robots.

Last month HTI Cyberneticsa Michigan industrial robotics integrator and contract manufacturer, was acquired by Chongqing Nanshang Investment Group for around $50 million. HTI provides robotic welding systems to the auto industry and also has a contract welding services facility in Mexico.

China is in the midst of a national program to develop or acquire its own technology to rival similar technologies in the West, particularly in futuristic industries such as robotics, electric cars, self-driving vehicles and artificial intelligence. China’s Made in China 2025 program will “support state capital in becoming stronger, doing better, and growing bigger, turning Chinese enterprises into world-class, globally competitive firms,” said President Xi at the recent party congress meeting in Beijing.

Made in China 2025 has specific targets and quotas. It envisions China domestically supplying 3/4 of its own industrial robots and more than 1/3 of its demand for smartphone chips by 2025, for example. These goals are backed with money: $45 billion in low-cost loans, $3 billion for advanced manufacturing efforts and billions more in other types of financial incentives and support.

Over the last two years there have been many targeted acquisitions by Chinese companies, of robotic companies in the EU and US. Following are the major ones:

Bottom line:

The consequences of China’s relentless quest for technology acquisitions may upset global trade. Their efforts have many American and European officials and business leaders pushing for tougher rules on technology purchases. Jeremie Waterman, President of the China Center at the U.S. Chamber of Commerce said the following to the NY Times.

“If Made in China 2025 achieves its goals, the U.S. and other countries would likely become just commodity exporters to China — selling oil, gas, beef and soybeans.”




Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.





Related posts :



Robot Talk Episode 86 – Mario Di Castro

In the latest episode of the Robot Talk podcast, Claire chatted to Mario Di Castro from CERN all about robotic inspection and maintenance in hazardous environments.
24 May 2024, by

Congratulations to the #ICRA2024 best paper winners

The winners and finalists in the different categories have been announced.
20 May 2024, by

Robot Talk Episode 85 – Margarita Chli

In the latest episode of the Robot Talk podcast, Claire chatted to Margarita Chli from the University of Cyprus all about vision, navigation, and small aerial drones.
17 May 2024, by

What’s coming up at #ICRA2024?

Find out what's on the programme at the IEEE International Conference on Robotics and Automation.
10 May 2024, by

Octopus inspires new suction mechanism for robots

Suction cup grasping a stone - Image credit: Tianqi Yue The team, based at Bristol Robotics Laboratory, studied the structures of octopus biological suckers,  which have superb adaptive s...
18 April 2024, by

Open Robotics Launches the Open Source Robotics Alliance

The Open Source Robotics Foundation (OSRF) is pleased to announce the creation of the Open Source Robotics Alliance (OSRA), a new initiative to strengthen the governance of our open-source robotics so...





Robohub is supported by:




Would you like to learn how to tell impactful stories about your robot or AI system?


scicomm
training the next generation of science communicators in robotics & AI


©2024 - Association for the Understanding of Artificial Intelligence


 












©2021 - ROBOTS Association