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Saturday, June 19, 2010

Adept Technology acquires MobileRobots

Adept Technology, Inc., the largest U.S.-based manufacturer of industrial robots with annual revenues of $50M, has announced June 14th to enter into an agreement to acquire privately held MobileRobots Inc., a provider of industry leading autonomous robot and automated guided vehicle (AGV) technologies generating $5M in annualized revenues.

Adept Technology´s CEO John Dulchinos explains this acquisition as a strategic step to develop and deliver highly flexible automation solutions aligned with the needs and demands of the companies target markets. Adept will focus MobileRobots solutions to address production logistics which is estimated to be a $1.4B market. This market segment is described by the automation of transference of products to and from production and manufacturing lines.Adept is clearly focused on removing the challenges and costs associated with manual and less sophisticated means of moving critical components through production environments in a flexible manner and MobileRobots extends this value proposition beyond the industry’s traditional application areas.

Source: http://go.adept.com/content/adeptacqmobrob06142010

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