Universal Robots invests $36million in cobot hub

The new cobot hub supports Teradyne's mission to further strengthen the significant leads that both MiR and UR have established worldwide.

Mark Jagiela, President and CEO of Teradyne says: "MiR and UR are leading the world in the collaborative robot revolution that's making automation solutions available to companies of all sizes. Teradyne continues to invest aggressively in the development of new products, solutions, and sales channels and this new facility is a key part of our growth strategy. We have found something very special in Denmark. The Danes' combination of innovative industrial design, combined with a practical business sense, have created a perfect combination for this emerging industry. The ability to make robots work in collaboration with humans in a user-friendly manner is something we have not encountered to this degree anywhere else in the world and we're very excited to expand our capabilities in Odense."

This is not the first time the MiR and UR owner has provided cash support for robot development in Denmark. To date, Teradyne has invested more than half a billion USD in the two young Danish robotic companies, both of which are growing rapidly.

The building site is in Odense's industrial district close to UR's current headquarters, which will also become part of the new cobot hub. The two companies will continue as separate entities with the aim to create an attractive environment that will help attract new employees to facilitate the continued growth expected by the two companies in the coming years.

Thomas Visti, CEO of Mobile Industrial Robots says: "Denmark has a significant lead in the global market for cobots. Investing ambitiously in building the world's largest cobot hub right here in Odense makes a lot of sense. Offering a strong, professional environment with superb facilities enables us to attract talent from all over the world." MiR has hired 100 new employees the past year, with UR adding 280 new staff members during the past two years. Today, the two companies have 160 and 450 employees respectively based in Denmark. UR employs almost 700 employees worldwide while MiR's staff counts a total of around 220 globally.

Unique talent base in Denmark

Jrgen von Hollen, President of Universal Robots, sees enormous potential in the cobot market. He says: "This is a market expected to grow to a total value of almost $12 billion in 2030 according to ABI Research. Demand for Danish cobots already means that we are outgrowing our current offices in Odense, both at UR and MiR. Odense has a strong ecosystem of talent and we are pleased to have the opportunity to invest long-term in the unique robotics environment that we have been building here over the last 10 years."

The Danish robotics industry is currently booming; the 2019 annual survey from trade association Odense Robotics shows that 8500 people now work for Danish robotics companies, 3900 of them in and around Odense, Denmark's third largest city. If the industry follows the growth forecasts, the Danish robot industry will employ 25,000 employees in 2025 according to the Danish analysis firm Damvad.

And it's not just the number of employees that's growing. Danish robotics companies' total revenue rose by 18 per cent in 2018, reaching $995 million with exports increasing 26 per cent. These figures are particularly significant in that just 15 years ago Denmark did not have any robotics industry to speak of. Learn more at www.universal-robots.com.