Mobile robotics company acquired
Teradyne, Inc. announced they have entered into a definitive agreement to acquire privately held AutoGuide Mobile Robots for $165 million.
Teradyne, Inc. and AutoGuide Mobile Robots announced they have entered into a definitive agreement under which Teradyne will acquire privately held AutoGuide for $165 million. The acquisition is expected to close in the fourth quarter of 2019, subject to customary closing conditions and regulatory approval.
AutoGuide provides autonomous mobile robots (AMRs) for material transport of payloads up to 10,000 pounds (4,500 kg) for the manufacturing, warehouse and logistics markets. Proven at leading manufacturers and warehouse providers including Pactiv, Ford and Husqvarna, AutoGuide is expected to more than double its revenue in 2019 from approximately $4 million in 2018. AutoGuide’s products include the Max N10 Tugger, Pallet Stacker and SurePath fleet management software.
In response to market demand for easy-to-deploy autonomous mobile robots, AutoGuide’s advanced products offer the innovations to deliver easy deployment, improved safety, reduced costs and increased efficiency of industrial and warehouse material-handling operations.
Teradyne
AutoGuide Mobile Robots
www.agmobilerobots.com
– Edited from a Teradyne press release by CFE Media. See more Control Engineering robotics stories.
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