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Three Manufacturers Merge to Form Robotics Company

Tuesday, June 19, 2018
 

A newly formed collaborative robotics company, the result of merging three end-of-arm tooling companies—United States-based Perception Robotics, Hungary-based OptoForce, and Denmark-based OnRobot—will be led by Enrico Krog Iversen, former CEO of Universal Robots, with financial support from the Danish Growth Fund. The new OnRobot, headquartered in Denmark, looks to lead the growth of collaborative robotics, an industry expected to reach $8.5 billion by 2025.

While its three entities continue their individual operations and development, OnRobot’s global network of distributors will have access to sales support, technical assistance and product training from the company's regional offices in Germany, China, U.S., Malaysia and Hungary, with more offices to come this year.

“The aim is to build a world-leading organization in development and production of end-of-arm tooling,” Iversen says. “Through further acquisitions and collaborations, we expect to reach a revenue exceeding $100 million in a few years. Safe, cost-effective and versatile cobots are becoming increasingly common because they offer sophisticated and intuitive programming that enables them to be easily deployed and redeployed. Easy-to-integrate end-of-arm tooling, such as grippers and sensors, become vital elements in adapting these powerful automation tools for a wide range of applications.”

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