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Fetch robotics12/24/2023 The Covid-19 pandemic has accelerated the adoption of automation, boosting investments for transforming conventional production facilities.The global industrial robotics market is projected to expand at a CAGR of 12.3% to reach a value of $75.3B by 2026, according to Markets and Markets.The acquisition materialized in the industrial robotics space where: It has over 10,000 partners across 100 countries and has more than 8,200 employees. Fetch Robotics is an industrial robotics company founded by Melonee Wise in 2014 as a provider of Autonomous Mobile Robots (AMR) services for logistics and. Zebra Technologies: Illinois-based Zebra Technologies provides software solutions, RFID products, and printers for businesses.The company generates ARR sales of about $10M year-over-year and the company’s AMRs are used in about 100 logistics, distribution, and manufacturing sites across 11 countries. Fetch Robotics: California-based Fetch Robotics is a developer of autonomous mobile robots (AMRs) for warehouses and manufacturing units.Zebra Technologies already owns 5% through an earlier investment. The company was acquired at a 30.53x price to sales (valuation to revenue) multiple and is expected to be complete by Q3’21. The deal is expected to close in the third quarter.Zebra Technologies, an industrial software provider, has acquired 95% of Fetch Robotics, a developer of autonomous mobile robots, for $290M in an all-cash transaction. We are excited to welcome the Fetch team to the Zebra family.” “This move will also extend our ongoing commitment to optimize the supply chain from the point of production to the point of consumption. “The acquisition of Fetch Robotics will accelerate our Enterprise Asset Intelligence vision and growth in intelligent industrial automation by embracing new modes of empowering workflows and helping our customers operate more efficiently in increasingly automated, data-powered environments,” said Anders Gustafsson, Zebra Technologies CEO. To date, Fetch Robotics has developed two kinds of robots : Fetch, a mobile manipulator, has a telescopic spine and an adjustable mobile arm. The planned acquisition is expected to advance Zebra’s mission to bring advanced robotics solutions to customers with labor-intensive operations. The FetchCore Cloud Robotics Platform provides the only Autonomous Mobile Robot (AMR) solution that. ![]() Its FetchCore cloud-based enterprise software, meanwhile, serves as a foundational platform for deploying and integrating a variety of automated workflows into manufacturing and warehouse operations, as well as providing insights into facilities through machine learning on AMR sensor data. Fetch Robotics is the pioneer of On-Demand Automation. We offer turnkey and extensible systems that safely find, track, and move. days or weeks and addresses multiple applications including material handling and data collection with a common, unified, cloud-based platform. They also aim to reduce the impact of labor shortages by improving throughput, efficiency and productivity while working alongside people in fulfillment, distribution and manufacturing environments. The Fetch Cloud Robotics Platform provides the only Autonomous Mobile Robot (AMR) solution that deploys in hours vs. Its solutions include a drag-and-drop workflow development studio designed to enables out-of-the-box automation. It is a Zebra Ventures portfolio company, and Zebra expects to fund the purchase for the 95% of the business it does not already own with cash on hand. Zebra Technologies will acquire Fetch Robotics, a provider of on-demand automation that includes autonomous mobile robots (AMRs), for $290 million.įetch’s AMRs are used to optimize picking in fulfillment centers and distribution centers, as well as just-in-time material delivery in manufacturing facilities and automating manual material movement in others.
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