LATEST NEWS AND DEVELOPMENTS
February fundings for 16 robotics-related startups totaled over $313 million - another solid month for the new year. Acquisitions also continued to be substantial with Ford's acquisition of Argo and Midea Group's purchase of Servotronix. Plus there were two IPOs.
January fundings for robotics-related startups totaled over $123 million - a reasonable start for the new year. For acquisitions, three of the six companies acquired reported that $390.5 million traded hands. All in all another strong month for robotics.
Headquartered in Pittsburgh, PA, the new institute is made up of governments, industry, academia, and non-profit organizations from across the country. Combined they have contributed $173 million that will be fused with $80 million in federal funding.
After another rollercoaster ride of a year, the ROBO Global Robotics & Automation Index managed to advance an astounding +18.9% for 2016, outperforming the S&P 500 and ACWI by 7% and 10%, respectively. Interestingly, from the depths of despair in February, the ROBO Global Index rallied +38% into ...
2016 is history! Welcome to 2017. ROBO Global brings you a full robotics & automation market reflection and forecast for investors.
2016 was a banner year for acquisitions of companies involved in robotics and automation: 50 sold; 11 for amounts over $500 million; five were over a billion. 30 of the 50 companies disclosed transaction amounts which totaled up to a colossal $18.867 billion!
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