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Because of the discharge of its third quarter 2021 monetary outcomes, we now know the way 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 grow to be ABB’s AMR enterprise headquarters, led by Pascual Boé, with core capabilities, together with R&D, engineering, product and undertaking worth chain, persevering with at ASTI’s services.
ABB stated the acquisition will increase its product household into AMRs and past industrial and collaborative robotic arms. ASTI options are presently promoting at a income of $50M per yr with a 30% annual progress price. 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, stated on The Robotic Report Podcast that extra of ABB’s clients started asking about cell robots. Shopping for ASTI, quite than growing its personal options, provides ABB a fast and revered technique to diversify its robotics portfolio to offer extra worth to current and new clients. Atiya and Pascual Boé mentioned the deal not too long ago on The Robotic Report Podcast. You’ll be able to take heed to that episode of the present on the backside of this text.
ASTI is one among 4 AMR firms to be acquired since Could 2021. The opposite offers had been:
JASCI Software program acquired NextShift Robotics in Could for an undisclosed quantity
Zebra Applied sciences paid $290 million for Fetch Robotics in July
Locus Robotics bought Waypoint Robotics for an undisclosed quantity in September
12 notable warehouse-focused AMR acquisitions
AcquirerAcquiredAmount ($M)DateStory
Locus RoboticsWaypoint Robotics–9/20/21Story
ABBASTI Cell Robotics1907/20/21Story
Zebra TechnologiesFetch Robotics2907/1/21Story
JASCI SoftwareNextShift Robotics–5/4/21Story
Shopify6 River Systems4509/9/19Story
TeradyneAutoGuide Cell Robots5810/21/19Story
AmazonCanvas Technology100+4/11/19Story
TeradyneMobile Industrial Robots2724/26/18Story
OmronAdept2009/16/15Story
KUKASwisslog3579/25/14Story
AmazonKiva Systems7753/19/12Story
AdeptMobileRobots–6/14/10Story
The costliest AMR acquisition of current reminiscence is Shopify’s $450 million buy of 6 River Programs in 2019. Shopify launched its Achievement Community service in June 2019, which it stated on the time it’ll velocity up supply instances and decrease transport prices for its clients. 6 River Programs’ achievement software program and robotics know-how had been introduced onboard to extend the velocity and effectivity of those warehouses.
As for a way ABB’s robotics and discrete automation division carried out within the third quarter, the corporate stated orders had been up 30% and totaled $935 million. ABB stated revenues amounted to $813 million with progress restricted to 1%, saying issues had been “adversely impacted by element shortages and decreased automotive techniques enterprise.”
You’ll be able to learn ABB’s Q3 2021 monetary outcomes report right here.
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