Teradyne to acquire AutoGuide Mobile Robots

  • October 21, 2019
  • News
Teradyne to acquire AutoGuide Mobile Robots
Teradyne to acquire AutoGuide Mobile Robots

October 21, 2019 — Teradyne and AutoGuide Mobile Robots announced they have entered into a definitive agreement under which Teradyne will acquire privately held AutoGuide for $165 million; $58 million net of cash acquired plus $107 million, if certain performance targets are met extending potentially through 2022. The acquisition is expected to close in the fourth quarter of 2019, subject to customary closing conditions and regulatory approval.

AutoGuide provides autonomous mobile robots (AMRs) for material transport of payloads up to 10,000 pounds (4,500 kg) for the manufacturing, warehouse and logistics markets. Proven at leading manufacturers and warehouse providers including Pactiv, Ford and Husqvarna, AutoGuide is expected to more than double its revenue in 2019 from approximately $4 million in 2018. AutoGuide’s products include the Max N10 Tugger, Pallet Stacker and SurePath fleet management software.

  • The Max N10 Pallet Stacker autonomously identifies and lifts pallets, transports them to a specified destination and then stacks the pallets.
  • The Max N10 Tugger autonomously pulls trailers or carts of material from point-to-point, including indexing for easy loading and unloading.
  • SurePath fleet management software provides an easy means to specify routes, coordinating the autonomous lifting and transport of pallets, and managing Max N10 AMR traffic to optimize customers’ material transport.  

In response to market demand for autonomous mobile robots, AutoGuide’s products offer the innovations to work in industrial and warehouse material-handling operations.

Learn More

Did you enjoy this great article?

Check out our free e-newsletters to read more great articles..