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Robotic Report’s Steve Crowe reviewed ABB’s Q3 2021 financials to learn the way a lot the corporate paid out for Spanish AMR supplier ASTI Cell Robotics.
By Steve Crowe | October 26, 2021
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Due to the discharge of its third quarter 2021 monetary outcomes, we now understand how a lot ABB paid to amass ASTI Cell Robotics. ABB spent $190 million, together with $7 million in money, in July 2021 to amass the Spanish developer of autonomous cell robots (AMRs).
Based in 1982, ASTI is headquartered in Burgos, Spain and employs 300-plus folks in Spain, France and Germany. It was majority owned by Veronica Pascual Boé, who was additionally CEO. ASTI’s headquarters will develop into ABB’s AMR enterprise headquarters, led by Pascual Boé, with core capabilities, together with R&D, engineering, product and venture worth chain, persevering with at ASTI’s amenities.
ABB mentioned the acquisition will increase its product household into AMRs and past industrial and collaborative robotic arms. ASTI options are at present promoting at a income of $50M per yr with a 30% annual progress charge. With the ABB gross sales and companion community, ASTI will now increase their attain from 20 firms to 53 firms worldwide, together with China.
Sami Atiya, CEO of ABB Robotics, mentioned on The Robotic Report Podcast that extra of ABB’s prospects started asking about cell robots. Shopping for ASTI, somewhat than growing its personal options, offers ABB a fast and revered technique to diversify its robotics portfolio to supply extra worth to present and new prospects. Atiya and Pascual Boé mentioned the deal lately on The Robotic Report Podcast. You possibly can hearken to that episode of the present on the backside of this text.
ASTI is certainly one of 4 AMR firms to be acquired since Might 2021. The opposite offers have been:
Desk 1: 12 Notable Warehouse-Centered AMR Acquisitions
The costliest AMR acquisition of latest reminiscence is Shopify’s $450 million buy of 6 River Techniques in 2019. Shopify launched its Achievement Community service in June 2019, which it mentioned on the time it is going to pace up supply instances and decrease delivery prices for its prospects. 6 River Techniques’ success software program and robotics expertise have been introduced onboard to extend the pace and effectivity of those warehouses.
As for a way ABB’s robotics and discrete automation division carried out within the third quarter, the corporate mentioned orders have been up 30% and totaled $935 million. ABB mentioned revenues amounted to $813 million with progress restricted to 1%, saying issues have been “adversely impacted by element shortages and diminished automotive techniques enterprise.”
You possibly can learn ABB’s Q3 2021 monetary outcomes report right here.
In regards to the AuthorSteve Crowe is Editorial Director, Robotics, WTWH Media, and co-chair of the Robotics Summit & Expo. He joined WTWH Media in January 2018 after spending four-plus years as Managing Editor of Robotics Tendencies Media. He will be reached at scrowe[AT]wtwhmedia.com.
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