Teradyne to acquire Universal Robots for $285 million

Teradyne announced it has signed a definitive agreement to acquire Universal Robots, a Danish collaborative robot manufacturer, for $285 million net of cash acquired, plus up to $65 million in earn-outs. The acquisition is expected to close in the second quarter of 2015.

“Teradyne, Inc. and the shareholders of Universal Robots today announced they have signed a definitive agreement under which Teradyne will acquire privately held Universal Robots, the Danish pioneer of collaborative robots, for $285 million net of cash acquired plus $65 million if certain performance”universal-robots.com

• 2 sources
• universal-robots.comTeradyne Announce Agreement to Acquire Universal RobotsNov 30, 2017
• universal-robots.comTeradyne and Universal Robots Announce Agreement for Teradyne to Acquire Universal Robots, Leader in Collaborative RobotsUniversal Robots FranceJan 11, 2018

Summarized from public sources; check the original articles before acting on it.