Tag Archives: Acquisition

Teradyne and Mobile Industrial Robots (MiR) Announce Teradyne’s Acquisition of MiR, Leader in Collaborative Autonomous Mobile Industrial Robots

-Collaborative Autonomous Mobile Industrial Robots are an emerging, fast growing segment of the automation market

-MiR expands Teradyne’s role in flexible, easy to use, ‘Next Generation’ automation products

-Teradyne provides financial strength and global reach to drive MiR’s growth

-Cash transaction, immediately accretive

Teradyne, Inc. (NYSE:TER) and the shareholders of Mobile Industrial Robots (MiR) today announced the acquisition of privately held MiR of Odense, Denmark for €121 million ($148 million) net of cash acquired plus €101 million ($124 million at current exchange rate) if certain performance targets are met extending through 2020.

MiR is a leading supplier of collaborative autonomous mobile robots (AMRs) for industrial applications.  The AMR market is an emerging category within the approximately $1.1 billion logistics systems segment of the professional services robot market and is expected to grow rapidly in the years ahead.

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