Scalper1 News
Teradyne (TER), a top supplier of automatic test equipment used to test semiconductors and electronics, plans to expand into robotic manufacturing with its purchase of privately held Universal Robots of Denmark. Teradyne on Wednesday announced that it will pay $285 million in cash for the Danish company, which makes collaborative robots that typically work alongside production workers in the manufacturing process. The owners of Universal Robots are eligible to receive an additional $65 million if certain performance goals are met through 2018. Universal Robots says it’s been profitable since late 2010 and had $38 million in sales in 2014, up 70%. Profit more than doubled last year to $5 million. Teradyne reported 2014 sales of $1.65 billion, up 15% year over year. Net income rose 23% to $266 million. Universal Robots has sold more than 4,000 robots since entering the market in December 2008. Its product portfolio… Scalper1 News
Scalper1 News