NORTH READING, Mass.--(BUSINESS WIRE)--
Teradyne,
Inc. (NYSE:TER) announced today that it has completed the
acquisition of Universal
Robots, the leading supplier of collaborative robots; low-cost,
easy-to-deploy and simple-to -program robots that work side by side with
production workers to improve quality and increase manufacturing
efficiency. Collaborative robotics is a $100 million segment of the
industrial robotics market growing at more than 50% per year.
“Universal Robots provides a powerful, additional growth platform to
Teradyne,” said Mark Jagiela, President and CEO of Teradyne. “We are
happy to welcome the Universal team to Teradyne and look forward to
helping accelerate Universal Robots’ growth in the fast moving
collaborative robot market.”
About Teradyne
Teradyne
(NYSE:TER) is a leading supplier of automation solutions for test and
industrial applications. Teradyne Automated Test Equipment (ATE) is used
to test semiconductors, wireless products, data storage and complex
electronic systems, which serve consumer, communications, industrial and
government customers. Our Industrial Automation solutions include
Collaborative Robots used by global manufacturing and light industrial
customers to improve quality and increase manufacturing efficiency. In
2014, Teradyne had revenue of $1.65 billion and currently employs
approximately 4,000 people worldwide. For more information, visit www.teradyne.com.
Teradyne(R) is a registered trademark of Teradyne, Inc. in the U.S. and
other countries.
Safe Harbor Statement
This release contains forward-looking statements regarding the
transaction, Universal Robots’ future business prospects and market
conditions. Such statements are based on the current assumptions and
expectations of Teradyne’s management and are neither promises nor
guarantees of future performance. There can be no assurance that these
forward looking statements will be achieved. Important factors that
could cause actual results to differ materially from those presently
expected include: conditions affecting the markets in which Universal
Robots operates; market acceptance of Universal Robots’ new products;
competition from larger and more established companies in Universal
Robots’ markets; the protection of Universal Robots’ intellectual
property; the retention of key employees; Teradyne’s ability to
successfully grow Universal Robots’ business; and other events, factors
and risks disclosed in filings with the SEC, including, but not limited
to, the “Risk Factors” section of Teradyne’s Annual Report on Form 10-K
for the fiscal year ended December 31, 2014 and Quarterly Report on Form
10-Q for the period ended April 5, 2015. The forward-looking statements
provided by Teradyne in this press release represent management’s views
as of the date of this release. Teradyne anticipates that subsequent
events and developments may cause management's views to change. However,
while Teradyne may elect to update these forward-looking statements at
some point in the future, Teradyne specifically disclaims any obligation
to do so. These forward-looking statements should not be relied upon as
representing Teradyne's views as of any date subsequent to the date of
this release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150611005121/en/
Teradyne
Andrew Blanchard, 978-370-2425
Investor
Relations
investorrelations@teradyne.com
Source: Teradyne, Inc.
