Teradyne Completes Acquisition of Universal Robots
Collaborative robotics is a $100 million segment of the industrial robotics market growing at more than 50% per year.
NORTH READING, Mass.--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."
About Teradyne
Teradyne (NYSE:TER) is a leading supplier of automation solutions for test and industrial applications. Teradyne Automated Test Equipment (ATE) is used to test semiconductors, wireless products, data storage and complex electronic systems, which serve consumer, communications, industrial and government customers. Our Industrial Automation solutions include Collaborative Robots used by global manufacturing and light industrial customers to improve quality and increase manufacturing efficiency. In 2014, Teradyne had revenue of $1.65 billion and currently employs approximately 4,000 people worldwide. For more information, visit NORTH READING, Mass.--(BUSINESS WIRE)--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.
"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."
"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."
About Teradyne
Teradyne (NYSE:TER) is a leading supplier of automation solutions for test and industrial applications. Teradyne Automated Test Equipment (ATE) is used to test semiconductors, wireless products, data storage and complex electronic systems, which serve consumer, communications, industrial and government customers. Our Industrial Automation solutions include Collaborative Robots used by global manufacturing and light industrial customers to improve quality and increase manufacturing efficiency. In 2014, Teradyne had revenue of $1.65 billion and currently employs approximately 4,000 people worldwide. For more information, visit www.teradyne.com. Teradyne(R) is a registered trademark of Teradyne, Inc. in the U.S. and other countries. . Teradyne(R) is a registered trademark of Teradyne, Inc. in the U.S. and other countries.
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