OMRON to Acquire U.S. Based Adept Technology
OMRON plans to acquire 100% of the outstanding shares of Adept common stock through an all cash tender offer followed by a second-step merger. OMRON will offer Adept investors $13.00 per share of Adept common stock, which represents a 63% premium over the closing price for Adept's common stock on September 15, 2015. This values Adept at approximately $200 million. OMRON will fund the tender offer through cash on hand.
Commenting on the acquisition, Yutaka Miyanaga, OMRON Industrial Automation Business Company President, said, "We are delighted Adept Technology, a world leader in robotics, has agreed to join OMRON. This acquisition is part of our strategy to enhance our automation technology and position us for long term growth. Robotics will elevate our offering of advanced automation."
Rob Cain, President and Chief Executive Officer of Adept, added, "We are excited about the opportunity to join OMRON, a global leader in automation. Together, our products will offer new innovative solutions to customers all around the globe."
Full Press Release:
3 Key Ways Automation Reduces Safety and Ergonomic Concerns
As companies continue to rely on automation to remain competitive, employees will have the benefit of working in safer environments. In the years to come, the question wont be "Is your company automating?" but instead "How is your company automating?"
5 Robotics Stocks to Watch
Chad Fraser for The Street: Soon, robots could be doing much more than just vacuuming your house or assembling your next car-they could also invade your investment portfolio. If you're looking for the industry's fastest growth, you'll want to pay particular attention to what's happening on the consumer/office side, where sales are set to grow at a 17% compound annual rate between 2014 and 2019, according to a May report from Business Insider -- seven times quicker than the industrial-robot market. In addition, a number of radical new applications for robotics are emerging in the medical and defense markets, as outlined in this presentation from Investing Daily.
Even though the automation trend is clearly set, there still aren't many pure ways for investors to play it. But that doesn't mean there are no intriguing options out there. Here are five robot makers to keep on your radar screen:
Festo's R&D Timeline - Part 3 - 2010 & 2011
Part 3 includes more bionic robots like the smartbird and a handler modeled after an elephant trunk.
New Open Loop Current Transducers With Near Closed Loop Performance
Measured performance is at the level expected and increases the range of applications which may be addressed by open loop transducers instead of more complex solutions.
New Automation Technician Program at George Brown College
The purpose of this program is to help graduates prepare for career opportunities in a variety of positions in field including automation, process control, PLCs, robotics, packaging, power generation, mining, machine design, and building automated systems, maintenance, transportation, systems integration, component testing, technical sales, quality control and a host of other fields.
194 Chinese Robot Companies
The robotics industry is booming in China. Companies are deploying thousands of robots in all types of factories, particularly in the auto industry. Chinese companies that manufacture robots and their components are also growing. This article will focus on the 107 makers of those robots.
Humanoid robot negotiates outdoor, rough terrain with ease
Boston Dynamics have developed the "Atlas" robot a highly mobility, humanoid robot designed to negotiate outdoor, rough terrain. Here is a video showing "Atlas" courtesy euronews.
Breaking down the robot-factory language barrier
In most industrial settings, robots speak one language and the plants within which they work speak another.
Gecko-inspired technology for 'climbing' space robots
MIT researchers have designed a human-machine interface that allows an exoskeleton-wearing human operator to control the movements and balance of a bipedal robot.
The technology could allow robots to be deployed to a disaster site, where the robot would explore the area, guided by a human operator from a remote location.
"We'd eventually have someone wearing a full-body suit and goggles, so he can feel and see everything the robot does, and vice versa," said PhD student Joao Ramos of Massachusetts Institute of Technology's Department of Mechanical Engineering.
"We plan to have the robot walk as a quadruped, then stand up on two feet to do difficult manipulation tasks such as open a door or clear an obstacle," Ramos said. Cont'd...
The Exploding Use of Robotics in Logistics and Manufacturing
The future of robotics contains the same level of certainty as the suns rising in the morning. Robots are becoming an integrated portion of the workforce, and they will be there every day thereafter, unless a company ditches robotics altogether.
Carnegie Mellon, GE Ventures bringing robotics accelerator program to Pittsburgh
By Deborah M. Todd / Pittsburgh Post-Gazette: A new accelerator program and a $20 million venture fund started by Carnegie Mellon University and GE Ventures could brand Pittsburgh as the official home of the globe’s growing robotics industry.
CMU’s National Robotics Engineering Center and GE Ventures, the investment arm of Fairfield, Conn.-based General Electric, have teamed up to create The Robotics Hub, an early-stage startup accelerator program designed to draw the nation’s best advanced robotics firms to Pittsburgh and to keep those started here firmly in place.
The for-profit Robotics Hub will provide funding through newly created Coal Hill Ventures and access to equipment at CMU and the NREC to chosen companies by 2016, in addition to putting their creations on a fast track toward commercialization.
“The strategy that’s most important to GE is to really get behind startups and help them scale. A lot of companies can come with the money, but what we bring is the ability to scale and the opportunity to commercialize quite quickly, said Alex Tepper, GE Ventures managing director. Cont'd...
Researching your first robot purchase? Don't be intimidated.
If youre considering a robot, you probably have a good sense of the process that youd like to automate. With that information, an integrator can get the process started, determining the clients needs and the best type of robot for the job.
Robotics firm GreyOrange raises $30 million, to expand overseas
GreyOrange, a robotics firm that is in the business of automating warehouses, has raised $30 million (Rs 191.6 crore) in a round led by Tiger Global Management, with participation from existing investors Blume Ventures.
The funding, which the company says is one of the largest for robotics company globally, will be used to invest in developing new products, expand internationally into Asia Pacific, Middle East and Europe. The company says it has a 90% market share of India's warehouse automation market and it powers over 180,000 square feet of warehouse.
"We are doubling our team size globally as we steer the company and our products beyond India and into international markets," said co-founder and CEO Samay Kohli, who founded the company with Akash Gupta in 2011.
The company has two products: The Sorter and the Butler. The former is a high-speed system that consolidates orders and routes parcels. By Diwali, the company will have installed sortation capacity of 3 million parcels per day.
The second product, the Butler, is an order-picking system that is tailored for high-volume, high-mix orders characteristic of e-commerce and omni-channel logistics fulfilment. Cont'd..
Giving robots a more nimble grasp
Engineers use the environment to give simple robotic grippers more dexterity.
Engineers at MIT have now hit upon a way to impart more dexterity to simple robotic grippers: using the environment as a helping hand. The team, led by Alberto Rodriguez, an assistant professor of mechanical engineering, and graduate student Nikhil Chavan-Dafle, has developed a model that predicts the force with which a robotic gripper needs to push against various fixtures in the environment in order to adjust its grasp on an object.
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Industrial Robotics - Featured Product
Midwest Motion Products, Inc. (MMP) - Leadership in Engineering
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