ODENSE, Denmark--(BUSINESS WIRE)--It created quite a stir when American Teradyne paid more than USD 285 million for all the shares in the Odense-based company Universal Robots in the spring of 2015. The price of the company with 150 employees in Denmark reflected the expectations of significant growth rates in the robot industry; particularly, in the new market for an innovative type of robots called collaborative robots or cobots; low-cost, easy-to-deploy and simple-to-program robots that work side by side with production workers to improve quality and increase manufacturing efficiency. Universal Robots is behind the invention of the world’s first cobots.
