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 :



Matt Robinson: Accelerating Industrial Workflows with Open Source | Sense Think Act Podcast #12

In this episode, Audrow Nash speaks to Matt Robinson, Program Manager for ROS-Industrial Americas at the Southwest Research Institute. ROS Industrial is a group that seeks to help industrial users, fo...
25 January 2022, by and
ep.

343

podcast

Learning for Collaboration, Not Competition, with Jakob Foerster

Jakob Foerster, an Associate Professor at the University of Oxford, dives into his work on multi-agent reinforcement learning.
25 January 2022, by

Tamim Asfour’s Keynote talk – Learning humanoid manipulation from humans

Tamim Asfour gives an overview of the developments in manipulation for robotic systems his lab has done by learning manipulation task models from human observations, and the challenges and open questions associated with this.

Robot science fiction books of 2021

2021 produced four new scifi books with good hard science underpinning their description of robots and three where there was less science but lots of interesting ideas about robots.
23 January 2022, by

How robots learn to hike

A new control approach that enables a legged robot, called ANYmal, to move quickly and robustly over difficult terrain.
20 January 2022, by

How robots and bubbles could soon help clean up underwater litter

Everyone loves to visit the seaside, whether to enjoy the physical benefits of an exhilarating swim or simply to relax on the beach and catch some sun. But these simple life affirming pleasures are easily ruined by the presence of litter, which if persistent can have a serious negative impact on both the local environment and economy. However, help is at hand to ensure the pristine nature of our coastlines.
19 January 2022, by





©2021 - ROBOTS Association


 












©2021 - ROBOTS Association