Teradyne to acquire AutoGuide, maker of autonomous mobile robots
October 21, 2019 by Manufacturing AUTOMATION
Teradyne has announced it will acquire the privately held autonomous mobile robot (AMR) company AutoGuide for US$165 million.
The acquisition is expected to close in the fourth quarter of 2019, subject to customary closing conditions and regulatory approval.
AutoGuide provides AMRs for material transport of payloads up to 10,000 pounds (4,500 kilograms) for the manufacturing, warehouse and logistics markets. In use at manufacturing facilities such as 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.
The Max N10 Pallet Stacker autonomously identifies and lifts pallets, transports them to a specified destination and then stacks the pallets.
The Max N10 Tugger autonomously pulls trailers or carts of material from point-to-point, including indexing for easy loading and unloading.
SurePath fleet management software provides route specification, coordinating the autonomous lifting and transport of pallets, and managing Max N10 AMR traffic to optimize customers’ material transport.
“The high-payload AMR market is an emerging, fast-growing segment of the global forklift market,” says Mark Jagiela, president and CEO of Teradyne, in a release. “AutoGuide’s modular architecture and innovative technologies provide safe, easy-to-deploy products that naturally complement our MiR low- to mid-payload AMRs, extending Teradyne’s reach in this attractive market.”
“AutoGuide, like Universal Robots and MiR, is using emerging smart, cost-effective technologies in industrial robotics to improve workflows and reduce operating costs in a broad spectrum of industries,” continuea Jagiela. “We look forward to helping AutoGuide grow by developing their global sales and support capabilities, while continuing to strengthen and expand their innovative product lineup.”