MiRHook100 mobile robot from Mobile Industrial Robots (MiR).

Teradyne acquires Mobile Industrial Robots

  • The American company Teradyne has acquired the Danish private company Mobile Industrial Robots (MiR).
  • MiR is a provider of autonomous collaborative mobile robots based in Odense, Denmark.
  • The transaction was completed for €121 million ($148 million) net of cash plus €101 million ($124 million at current exchange rate) if certain performance targets are met extending through 2020.

MiR is a provider of autonomous mobile collaborative robots (AMR) for industrial applications. Robots in this category are part of a $1.1 billion robotic logistics systems market. This emerging segment is expected to grow rapidly in the coming years.

“My main goal is to make our mobile robots known worldwide,” said Niels Jul Jacobsen, CSO, founder of MiR, “With Teradyne, we will have strong support to ensure the continued growth of MiR in the global market.

MiR recorded annual sales of 12 million US dollars in 2017, which more than tripled compared to the previous year. The Danish company, which underlines its profitability, achieved a turnover of 5 million dollars in the first quarter 2018.

Like Universal Robots’ collaborative robots, MiR’s solutions target both large and small companies by allowing them to progressively automate their operations without the need for specialized personnel or to reorganize their existing workflow.

  • About MiR
    Mobile Industrial Robots (MiR), a Danish company founded in 2013, develops and markets autonomous collaborative mobile robots (AMR). It has a global distribution network in more than 40 countries, with regional offices in New York, San Diego, Singapore, Dortmund, Barcelona and Shanghai. Its sales increased fivefold between 2015 and 2016, and its turnover tripled between 2016 and 2017.
  • About Teradyne
    Teradyne is a supplier of automation equipment for test and industrial applications. Its automatic test systems are used for semiconductor testing, wireless communication equipment, as well as electronic and data storage systems. Its offer includes collaborative robots. In 2017, Teradyne had sales of $2.14 billion. The American company employs approximately 4,500 people worldwide.