The big business of robotics: $19 B in acquisitions in 2016
- February 14, 2017
Robotics and automation isn't just growing among the manufacturing indusry. The market is wide reaching and in 2016, the year was a banner one for acquisitions of companies involved in robotics and automation, according to The Robot Report.
According to the report, 50 companies were sold and eleven of them were sold for amounts over $500 million, five were purchased at more than $1 billion, and 30 of the 50 companies disclosed transactions totalling close to $19 billion.
For a complete list of acquistions, visit The Robot Report online.
The report explores why there were so many acqusitions in 2016 and quotes some industry sources. According to the author of The Robot Report, Frank Tobe, " a push by some of the wordl's largest corporations to find new avenues to expand in the face of anemic or problematic economic growth lead to major acquisitions in areas adjacent to their core businesses."
According to Chris Ventresca, global co-head of M&A at JPMorgan Chase & Co., "companies are reinventing themselves, looking at their business in a new way with regards to how can they be a disrupter, and how they can prevent being disrupted – and this opens up deal flow” said Chris Ventresca, global co-head of M&A at JPMorgan Chase & Co."
The Robot Report gathers and reports industry news, tracks the business of robotics, and has worked with others to develop an index of robot industry stocks. Whether reporting about a robotic arm, a new robotic hand, artificial intelligence (AI) or the stock results of the robotics industry, The Robot Report strives to keep you informed.
The Robot Report also has a comprehensive worldwide database, segmented directories, and a global map of public and private companies that are participants in this growing industry.
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The Robot Report has been reporting on robot news, competitions and events since 2008.
Frank Trobe Frank Tobe is the owner and publisher of The Robot Report and co-founder of ROBO Global which has developed a tracking index for the robotics industry: the ROBO Global Robotics & Automation Index. The index of 82 companies in 13 subsectors tracks and captures the entire economic value of this global opportunity in robotics, automation and enabling technologies.