Robohub.org
 

Danish co-bot maker Universal Robots sells for $350 million

by
13 May 2015



share this:
teradyne_HR

Privately held Danish company Universal Robots – the successful producer of the UR line of collaborative robots – has sold to Massachusetts-based Teradyne, a provider of electronic testing equipment.

Universal_Robots_Logo_URUniversal Robots has had rapid growth since their startup in 2005. Their first products were sold in 2009.

  • 2014 sales of $38M were 70% greater than in 2013.
  • The company recently moved into a larger factory in Odense, Denmark (100 miles east of Copenhagen).
  • Their new 130,000 sq ft production facility was established to enable UR to keep up with sales for the next few years.
  • They have grown their network of integrator/distributors to almost 200 worldwide.
  • Collaborative robotics is currently a $100 million segment of the industrial robotics market, growing at more than 50% per year.

Universal recently launched their new line of smaller UR3 robots. The UR3 can handle payloads of up to 3 kg (6.6 lbs), enabling close work in scientific, pharmaceutical, agriculture, and electronics and technology facilities for tasks such as mounting of small objects, gluing, screwing, operating tools, soldering and painting.

teradyne_logoTeradyne, a publicly-traded supplier of test equipment with over 3,900 employees and a product line that doesn’t include anything robotic, has a market value of $4.37 billion. Teradyne does use robots in their manufacturing process and their customers are good prospects for Universal’s robots.

“Universal Robots is the technology and sales leader in the fast growing collaborative robot market and we are excited to have them join Teradyne,” said Mark Jagiela, President and CEO of Teradyne. “This acquisition complements our System and Wireless Test businesses while adding a powerful, additional growth platform to Teradyne.”

The agreement calls for $285M in cash and an additional $65M if certain performance targets are met through 2018, thereby bringing the overall sales price to $350 million.

Bottom Line

Many manufacturers are looking to shore up their market share in the robotics and automation space, and acquisitions such as this one are win-win transactions for all involved: Teradyne becomes a player in the collaborative robotics space and the inventors and entrepreneurs of Universal get a serious strategic partner and, after a few years, the ability to move on and invent the next big thing.



tags: , , , ,


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 :



#ICRA2022 networking events

This year at ICRA there were great number of opportunities to involve and engage as well including networking events.
04 July 2022, by

ROS Awards 2022 results

The intention of these awards is to express recognition for contributions to the ROS community and the development of the ROS-based robot industry, and to help those contributions gain awareness.
02 July 2022, by
ep.

357

podcast

Origin Story of the OAK-D, with Brandon Gilles

Brandon Gilles, the founder of Luxonis and maker of the OAK-D, describes the journey and the flexibility of the OAK-D line of products
01 July 2022, by

The one-wheel Cubli

Researchers Matthias Hofer, Michael Muehlebach and Raffaello D’Andrea have developed the one-wheel Cubli, a three-dimensional pendulum system that can balance on its pivot using a single reaction wheel. How is it possible to stabilize the two tilt angles of the system with only a single reaction wheel?
30 June 2022, by and

At the forefront of building with biology

Raman is, as she puts it, “a mechanical engineer through and through.” Today, Ritu Raman leads the Raman Lab and is an Assistant Professor in the Department of Mechanical Engineering.
28 June 2022, by

Hot Robotics Symposium celebrates UK success

An internationally leading robotics initiative that enables academia and industry to find innovative solutions to real world challenges, celebrated its success with a Hot Robotics Symposium hosted across three UK regions last week.
25 June 2022, by





©2021 - ROBOTS Association


 












©2021 - ROBOTS Association