Teradyne and the shareholders of Universal Robots (UR) announced an agreement under which Teradyne will acquire privately held Universal Robots, the Danish supplier of collaborative robots, for $285 million, plus $65 million if certain performance targets are met extending through 2018. Universal Robots is a leading supplier of collaborative robots that work side by side with production workers. According to a company release, collaborative robotics is a $100 million segment of the industrial robotics market, growing at more than 50% per year.
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