NEWS

Teradyne Completes acquisition of Universal Robots

Monday, Jun 15, 2015

Collaborative robotics is a $100 million segment of the industrial robotics market growing at more than 50% per year.

Teradyne, Inc. (NYSE:TER) announced today that it has completed the acquisition of Universal Robots, the leading supplier of collaborative robots; low-cost, easy-to-deploy and simple-to -program robots that work side by side with production workers to improve quality and increase manufacturing efficiency. Collaborative robotics is a $100 million segment of the industrial robotics market growing at more than 50% per year.

"Universal Robots provides a powerful, additional growth platform to Teradyne," said Mark Jagiela, President and CEO of Teradyne. "We are happy to welcome the Universal team to Teradyne and look forward to helping accelerate Universal Robots' growth in the fast moving collaborative robot market."

 


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