With Its Acquisition of AutoGuide, Just How Strong Is Teradyne’s Position in Robotics?

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4Q 2019 | IN-5642


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;

  • Universal Robots: Bought for US$285 million, Universal Robots (UR) is the largest part of Teradyne’s Industrial Automation business. UR is the dominant cobot manufacturer and, through a combination of a massive distributor network and an effective integration platform (UR+), grew to US$234 million in revenue by 2018, with over 34,000 cobots sold as of mid-2019.
  • Mobile Industrial Robots: Acquired in 2018 for US$ 272 million, Mobile Industrial Robots (MIR) designs Autonomous Mobile …

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