LATEST NEWS AND DEVELOPMENTS
ABB, one of the Big Four global robot makers, has acquired Austrian industrial automation integrator and components manufacturer B&R (Bernecker & Rainer) Automation for an undisclosed amount but estimated to be "close to $2 billion." The purchase is being funded from ABB's own cash and is expecte...
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.
By investing $6 million in robots, Bicycle Corporation of America (BCA) was able to take back 10% of their manufacturing from China and place it into a new factory in Manning, South Carolina employing 140 new workers.
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 ...
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