ABB Buys Codian Robotics - Quick Facts
(RTTNews) - ABB (ANN.L, ABB) has acquired Codian Robotics B.V., a provider of delta robots, which are used primarily for high-precision pick and place applications. Codian Robotics is located in Ede, Netherlands and employs 20 people globally. ABB noted that Codian Robotics' portfolio includes a hygienic design that allows safe, open food processing.
"There is a strong need for pick and place robots that ensure high hygienic standards, accelerated by the COVID-19 pandemic. Our food and beverage, pharmaceutical and logistics customers are particularly interested in the potential of automation," said Sami Atiya, President of ABB Robotics & Discrete Automation.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.