The Los Angeles Post
California & Local U.S. World Business Lifestyle
Today: January 15, 2025
Today: January 15, 2025

ABB buys tech company to give industrial robots eyes and brains

FILE PHOTO: Head of ABB Robotics and Discrete Automation business Sami Atiya poses next to robots in Zurich
July 02, 2024
John Revill - Reuters

By John Revill

ZURICH (Reuters) - ABB has bought a company specialising in boosting the mobility of industrial robots - by using artificial intelligence and 3D vision to move around factories and warehouses.

The deal to buy Sevensense, a Swiss start-up, is the latest robotics investment by ABB and follows growing demand for industrial robots that can move and work independently.

Zurich-based Sevensense develops and makes sensor and AI systems that effectively give factory robots - which carry components to production lines - the eyes and brains to manoeuvre around plants.

ABB buys tech company to give industrial robots eyes and brains
An ABB autonomous robot navigates around a warehouse

"In the past, robots which supplied production lines usually followed fixed magnetic strips, They took a long time to install and weren't very flexible," Sami Atiya, ABB's head of robotics and discrete automation told Reuters.

"Now we have robots which can go all over the factory, but with eyes and a brain."

Each robot - which comes equipped with six cameras - can shift 2 tons of materials at speeds of 1.5 meters per second.

"Under the old system when you needed to change a production line of 100 meters, adding a new production cell for example, it was impossible to divert the robot," Atiya added.

"Now we can do that easily," he said.

The market for autonomous mobile robots (AMR) is expected to grow by around 20% per year up to 2026, according to ABB estimates, expanding from $5.5 billion in 2023 to $9.5 billion by 2026.

This rate is faster than the one anticipated for conventional fixed robots, where ABB sees annual growth of 8%.

The deal to buy Sevensense is the latest investment by ABB, which competes with Japan's FANUC and Germany's Kuka in industrial robots, and follows its expansion of its U.S factory last year and the purchase of ASTI Mobile Robotics in 2021.

Terms of the acquisition were not disclosed.

The company's technology is now being integrated into ABB's products, with customers including automaker Ford which has bought 300 robots for its plant in Tennessee in the United States, as well as French tyre maker Michelin.

(Reporting by John Revill; Editing by Miranda Murray and Tomasz Janowski)

Related

Business|Europe|Political

France's PM Bayrou weakened by Socialists' threat to back no-confidence vote

The prospects of French Prime Minister Francois Bayrou's minority government surviving in the long term appeared slimmer after the Socialist Party raised the

France's PM Bayrou weakened by Socialists' threat to back no-confidence vote
Business|Economy|Europe

Euro zone's depressed industry records small rebound in November

Euro zone industrial production rose as expected in November but not enough to erase earlier losses and new data were unlikely to signal any major turnaround for a sector in its

Euro zone's depressed industry records small rebound in November
Business|Crime|Political|Technology

Your car knows more about you than you think

Your car knows more about you than you think

Your car knows more about you than you think
Asia|Business|Political|World

India's defence minister cites power rivalry in Indian Ocean region

International power rivalry is playing out in the Indian Ocean region, India's Defence Minister Rajnath Singh said on Wednesday, adding that a strong naval

India's defence minister cites power rivalry in Indian Ocean region
Share This

Popular

Business|Economy|US

Joann files for bankruptcy — again

Joann files for bankruptcy — again
Business|Economy|Europe|Finance|Political

German economy, Europe’s largest, shrinks for second straight year

German economy, Europe’s largest, shrinks for second straight year
Business|MidEast|Political|US

Jared Kushner advises from afar as Ivanka Trump opts out of role in father's second term

Jared Kushner advises from afar as Ivanka Trump opts out of role in father's second term
Business|Technology|US

NHTSA closes probe on 313,101 Daimler US trucks over engine wiring concern

NHTSA closes probe on 313,101 Daimler US trucks over engine wiring concern