Teradyne completes acquisition of AutoGuide mobile robots

Teradyne, (TER) announced that it has completed the acquisition of AutoGuide Mobile Robots, a supplier of high payload autonomous mobile robots (AMRs). AutoGuide’s advanced products deliver easy deployment, improved safety, reduced costs and increased efficiency of industrial and warehouse material-handling operations.

AutoGuide’s safe, high-payload AMRs for the global forklift market provide a powerful, additional growth engine to Teradyne’s Industrial Automation,” said Mark Jagiela, President and CEO of Teradyne. “We are happy to welcome AutoGuide to Teradyne and look forward to helping expand their product lineup and accelerate their global growth plans.”

Rob Sullivan, President and CEO of AutoGuide, said, “Joining Teradyne gives us the resources and support to both strengthen our capabilities in North America and expand our reach globally to assist customers who need safe, productive and high-payload material-handling products. Since announcing the acquisition in October, we’ve heard from many potential customers who recognize the flexibility, ease of deployment and superior ROI of our AMRs compared with other options and are eager to engage with AutoGuide to learn more.”

Source: http://investors.teradyne.com/

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