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Teradyne (TER) to Acquire Universal Robots in $350M Deal

May 13, 2015 7:05 AM EDT

Teradyne (NYSE: TER) and the shareholders of Universal Robots (UR) 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 targets are met extending through 2018. The acquisition has been approved by the Board of Directors of each company and is expected to close in the second quarter of 2015 subject to customary closing conditions and regulatory approval.

Universal Robots is the leading supplier of collaborative robots; low-cost, easy-to-deploy and... More