Teradyne

Hardware : Sensor Systems : Metrology

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North Reading, Massachusetts, United States

NASDAQ: TER

Teradyne companies deliver manufacturing automation across industries, applications and the world. Together, we solve complex test and automation challenges and enable businesses to achieve higher production volumes, higher quality and higher ROI. Teradyne tests and helps build the world’s most innovative products. Our leading-edge testers make sure that new products work right the first time, every time. And our portfolio of industrial automation solutions helps manufacturers to develop and deliver new products quickly, efficiently and cost-effectively.

Assembly Line

MachineMetrics Announces $20M Series B Funding Round

Date:

Topics: funding event

Organizations: MachineMetrics, Teradyne

MachineMetrics, an industrial data startup that elevates manufacturing performance through autonomous machining, announced today it has raised $20 million in Series B financing. The company will use the funding to scale its platform globally and democratize access to the machine insights that power manufacturing operations.

“Manufacturing is on the brink of a digital renaissance. The intersection of software, big data and physical machinery is the next frontier for manufacturing and a proven solution for overcoming the production and labor shortages we are experiencing right now,” said Bill Bither, co-founder and CEO of MachineMetrics. “Today’s industrial machines are inefficient because they require significant human intervention to operate. MachineMetrics makes it easy to harness data from these machines and lays the foundation for the factory of the future where machines operate autonomously and with predictability.”

Read more at MachineMetrics Blog

Teradyne and Universal Robots Announce Agreement for Teradyne to Acquire Universal Robots, Leader in Collaborative Robots

Date:

Topics: Cobot

Organizations: Teradyne, Universal Robots

Teradyne, Inc. (NYSE:TER) and the shareholders of Universal Robots (UR) today announced they have signed a definitive agreement under which Teradyne will acquire privately held Universal Robots, the Danish pioneer of collaborative robots, for $285 million net of cash acquired plus $65 million if certain performance targets are met extending through 2018. The acquisition has been approved by the Board of Directors of each company and is expected to close in the second quarter of 2015 subject to customary closing conditions and regulatory approval.

Read more at Universal Robots News