Teradyne snatches up robot maker MiR in $272M deal

Teradyne, a prosaic-sounding but flush company that provides automated testing equipment for industrial applications, has acquired the Danish robotics company MiR for an eye-popping $148 million, with $124 million on the table after meeting performance goals.

MiR, which despite the lowercase “i” stands for Mobile Industrial Robots, does what you might guess. Founded in 2013, the company has grown steadily and had a huge 2017, tripling its revenues to $12 million after its latest robot, the MiR200, received high marks from customers.

MiR’s robots are of the warehouse sort, wheeled little autonomous fellows that can lift and pull pallets, boxes and so on. They look a bit like the little ones that are always underfoot in Star Wars movies. It’s a natural fit…

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