Teradyne snatches up robot maker MiR in $272M deal

Posted on

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

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

MiR’s robots are of the warehouse kind, wheeled little autonomous fellows that may raise and pull pallets, packing containers and so on. They appear a bit just like the little ones which might be all the time underfoot in Star Wars motion pictures. 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 parts could also be a dry enterprise, however it’s a booming one, as a result of the businesses that take a look at sooner ship sooner. Anytime efficiencies might be made in the method, be it warehouse logistics or helping knowledgeable people in delicate procedures, one might be positive an organization will probably be prepared to pay for them.

Teradyne additionally famous (the Robot Report points out) that each firms take a contemporary strategy to robots and the way they work together and have to be educated by folks — the outdated paradigm of robotics specialists having to rigorously program this stuff doesn’t scale nicely, and each UR and MiR have been forward-thinking sufficient to enhance that ache level.

READ  Here’s how to make The Boring Company’s flamethrower

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

“My most important focus is to get our mobile robots out to the complete world,” stated MiR CSO and founder Niels Jul Jacobsen in the press launch asserting the acquisition. “With Teradyne because the proprietor, we can have sturdy backing to make sure MiR’s continued development in the worldwide market.”

Source : TechCrunch