Teradyne snatches up robotic maker MiR in $272M deal – TechCrunch


Teradyne, a prosaic-sounding however flush firm that gives automated testing gear for industrial functions, has acquired the Danish robotics firm MiR for an eye-popping $148 million, with $124 million on the desk after assembly efficiency objectives.

MiR, which regardless of the lowercase “i” stands for Cell Industrial Robots, does what you would possibly guess. Based in 2013, the corporate has grown steadily and had an enormous 2017, tripling its revenues to $12 million after its newest robotic, the MiR200, obtained excessive marks from prospects.

MiR’s robots are of the warehouse kind, wheeled little autonomous fellows that may elevate and pull pallets, containers and so forth. They appear a bit just like the little ones which might be at all times underfoot in Star Wars films. It’s a pure match for Teradyne, particularly with the latter’s current buy of the well-known Common Robotics in a $350 million deal in 2015.

Testing a great deal of electronics and elements could also be a dry enterprise, but it surely’s a booming one, as a result of the businesses that check quicker ship quicker. Anytime efficiencies might be made within the course of, be it warehouse logistics or aiding skilled people in delicate procedures, one might be positive an organization can be keen to pay for them.

Teradyne additionally famous (the Robotic Report factors out) that each corporations take a contemporary method to robots and the way they work together and should be skilled by folks — the outdated paradigm of robotics specialists having to fastidiously program these items doesn’t scale effectively, and each UR and MiR had been forward-thinking sufficient to enhance that ache level.

The plan is, in fact, to take MiR’s profitable expertise world, hopefully recreating its success on a bigger scale.

“My major focus is to get our cell robots out to the complete world,” mentioned MiR CSO and founder Niels Jul Jacobsen within the press launch saying the acquisition. “With Teradyne because the proprietor, we can have sturdy backing to make sure MiR’s continued development within the world market.”

Supply hyperlink

Products You May Like

Articles You May Like

Drink-a-day startup Hooch raises $5M because it plans blockchain initiative – TechCrunch
Fiix raises $12M to clean out the asset upkeep course of – TechCrunch
Platform.sh raises $34 million to simplify cloud deployment – TechCrunch
Polaroid Snap Contact digital camera printer combo teardown (Cracking Open)
So lengthy, StumbleUpon – TechCrunch

Leave a Reply

Your email address will not be published. Required fields are marked *