Found in Robotics News & Content, with a score of 10.44
September 17, 2021
…omnichannel brands also including Advance Auto Parts, Dollar General, Schneider Electric, and Veritiv Opened a state-of-the-art, 386,000-sq.-ft. facility in Atlanta that uses the latest warehouse robotics and automation technologies Transaction details Kleiner Perkins led Stord's Series D round, which came just six months after its $65 million Series C. Stord has raised a total of $205 million in funding to date. Lux Capital, D1 Capital, and Palm Tree Crew also participated, as did existing investors including BOND, Dynamo Ventures, Founders Fund, Lineage Logistics, and Susa Ventures. In addition, Michael Rubin, founder of Fanatics and GSI Commerce; Carlos Cashman, CEO of…
Found in Robotics News & Content, with a score of 19.56
July 19, 2021
…tailored to our customers’ demanding applications. Novanta also acquired Schneider Electric Motion USA for $115 million this month. ATI supplies robotics accessories Founded in 1989, ATI said it supplies intelligent end-of-arm tooling to original equipment manufacturers (OEMs) for advanced industrial and surgical robots. The Apex, N.C.-based company develops, manufactures, and sells products such as robotic changing systems, force/torque sensors, and collision sensors for industrial, collaborative, and healthcare robotic applications. ATI has more 350 employees. “We are excited to join Novanta at this stage of our development. We expect the combination of competencies and cultures to create better opportunities for our…
Found in Robotics News & Content, with a score of 48.15
July 13, 2021
…equipment manufacturers, yesterday said it has agreed to acquire Schneider Electric Motion USA for $115 million in cash. The transaction is expected to close in the third quarter of 2021. “SEM is expected to help our expansion into automation and robotic applications through advanced motion-control solutions,” said Matthijs Glastra, chairperson and CEO of Novanta. “The business is also anticipated to increase Novanta’s exposure to the life sciences and medical end markets while broadening our access to sophisticated automation integrators.” Bedford, Mass.-based Novanta said it combines proprietary technology expertise and competencies in photonics, vision, and precision motion with the ability to…
