AutoGuide and the Robotics Strategy
Teradyne has built its business on automatic test equipment for electronics, which still accounts for 75% of the US$2.1 billion revenue that the company took in during 2018. Looking into the long term, this is a mature market that is unlikely to yield significant growth in the future. As a result, the company has decided to embark on a series of acquisitions for key industrial robot startups.
With the acquisition of mobile robot developer AutoGuide for US$58 million, electronic testing company Teradyne now has four major robotic vendors brought under its wing;
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