# Three end-of-arm tooling companies merge to form OnRobot

Three end-of-arm tooling companies have merged to form a new company called OnRobot, backed by the Danish Growth Fund and former Universal Robots CEO Enrico Krog Iversen.

- Type: Acquisition
- Announced: 2018-08-01
- Where: Denmark, Denmark
- Status: completed
- Products: end-of-arm tooling
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [OnRobot](https://endata.com/companies/18698.md)
- [OnRobot](https://endata.com/companies/18698.md) (acquirer)
- [Perception Robotics](https://endata.com/companies/18699.md) (target)
- [OptoForce](https://endata.com/companies/18700.md) (target)
- [On Robot](https://endata.com/companies/18701.md) (target)
- [Danish Growth Fund](https://endata.com/companies/18702.md) (investor)
- [Purple Robotics](https://endata.com/companies/19000.md) (target)

## Sources

- [mfgnewsweb.com](https://mfgnewsweb.com/archives/4/52144/Current-News-aug18/End-of-Arm-Tooling-Merger.aspx), 2018-08-01: "The new OnRobot will drive innovation and ease of use for robotic end of arm tooling."
- [themanufacturingconnection.com](https://themanufacturingconnection.com/2018/08/companies-merge-to-form-next-gen-collaborative-robotics/), 2018-08-03: "The aim is to build a world-leading organization in development and production of end-of-arm tooling."
- [dcvelocity.com](https://www.dcvelocity.com/articles/30023-onrobot-acquires-gripper-vendor-purple-robotics), 2018-08-31: "It must be easily conceivable to automate even small production batches."
- [roboticsandautomationnews.com](https://roboticsandautomationnews.com/2018/08/31/onrobot-strengthens-its-grip-on-market-with-acquisition-of-purple-robotics/18950/), 2018-08-31: "It makes a lot of sense and creates significant synergy to join forces with OnRobot who have already created a strong, global sales organization."
- [controlengeurope.com](https://www.controlengeurope.com/article/159705/Robot-equipment-company-acquires-creator-of-cobot-gripper.aspx), 2018-09-02: "It makes a lot of sense and creates significant synergy to join forces with OnRobot who have already created a strong, global sales organisation."
- [irobotnews.com](https://www.irobotnews.com/news/articleView.html?idxno=14897), 2018-09-02: "It has been really good fun to create a brand new robotics company and to disrupt the market for vacuum grippers with our invention."
- [textileworld.com](https://www.textileworld.com/textile-world/2018/09/onrobot-danish-robot-equipment-flagship-company-acquires-unique-robotics-firm/), 2018-09-03: "It makes a lot of sense and creates significant synergy to join forces with OnRobot who have already created a strong, global sales organization."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.