Universal Robots unveils collaborative robot leasing program

Collaborative robot manufacturer Universal Robots (UR) has launched a cobot leasing program in collaboration with DLL, a global vendor finance company.

Under the program, manufacturers of any size and with any capital equipment budget, will be able to automate without major upfront costs.

“We’re levelling the playing field by enabling all manufacturers to immediately put cobots to work without an upfront capital investment,” says Klaus Vestergaard, CFO at Universal Robots, in a statement. “The partnership makes it easy to upgrade existing cobots, add additional units or test cobots for the first time – and equips end-users to maximize productivity, quality and profitability, without increasing costs or cash outlay.”

DLL offers UR’s customers financing and leasing programs designed to meet the needs of the modern manufacturing business, while enabling growth. As business needs change, customers will have the option to schedule payments to fit fluctuations in cash flow, upgrade to new equipment or add cobots at any time during the contract term.

At the end of the finance term, customers will have the option to buy the equipment for a fraction of the original cost, upgrade to newer technology, extend the finance term or return the equipment.

“The market we operate in is evolving rapidly. Through this partnership we can now offer financial solutions for a wide variety of automation equipment,” says Neal Garnett, president of the construction, transportation and industrial global business unit at DLL. “Manufacturers can build the operations they need to compete and thrive, while people work on strategic tasks.”

UR’s distributor network will work directly with DLL’s finance experts in each country to provide new payment and leasing options for interested customers. Through the experts’ specialized asset knowledge, flexible financing solutions and strategic marketing resources, they will support UR to execute the growth strategy.