Markets
TER

Teradyne To Acquire AutoGuide Mobile Robots - Quick Facts

(RTTNews) - Teradyne, Inc. (TER) has agreed to acquire AutoGuide Mobile Robots for $165 million; $58 million net of cash acquired plus $107 million if certain performance targets are met extending potentially through 2022. AutoGuide provides autonomous mobile robots for material transport of payloads up to 10,000 pounds for the manufacturing, warehouse and logistics markets.

Mark Jagiela, CEO of Teradyne, stated: "AutoGuide's modular architecture and innovative technologies provide safe, easy-to-deploy products that naturally complement our MiR low- to mid-payload AMRs, extending Teradyne's reach in this attractive market."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

TER

Latest Markets Videos

    RTTNews

    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.

    Learn More