Skip to content
Search AI Powered

Latest Stories

newsworthy

Universal Robots acquires Boston office and 20 employees of former Rethink Robotics

Merger will transition users of Rethink's Baxter and Sawyer models to UR cobots, firm says.

Universal Robots acquires Boston office and 20 employees of former Rethink Robotics

Robot manufacturer Universal Robots (UR) said today it will hire more than 20 employees from its former competitor Rethink Robotics, the producer of the "Baxter" and "Sawyer" collaborative robot (cobot) models that unexpectedly shut down in October.

Boston-based Rethink had landed high-profile customers such as DHL Supply Chain, which used the cobots in a pilot project for warehouse packing and packaging. However, total sales fell short, according to published reports, and the firm suddenly shut its doors last month.


Denmark-based UR, a division of industrial automation equipment vendor Teradyne Inc., will now merge its Boston office with Rethink's former headquarters in the city's Seaport district.

Terms of the deal were not disclosed, and UR declined to provide further details. "We cannot comment on the financial aspect of this," a UR spokesperson said in an emailed statement. "UR is acquiring Rethink's human capital and its physical location, not its [intellectual property] or any hardware/software."

However, UR said it will offer a "future-proof roadmap" for customers of Rethink's Baxter and Sawyer models, and is ready to help those customers transition to UR cobots. UR declined to comment on whether the merger would affect its future product development, but said it did not plan to change the markets it targets.

"Rethink Robotics--along with Universal Robots--has been a pioneer in driving and developing the collaborative robotics market globally," Universal Robots' President Jürgen von Hollen said in a release. "The company was always a good competitor, which helped us drive cobot awareness worldwide, and we want to make sure its customers can continue to fulfill their collaborative automation initiatives."

UR has a history of integrating its flexible, industrial, cobot arms with equipment from other providers, such as a platform announced in April that combined a robotic arm from UR with back-end software and gripper-hand equipment from RightHand Robotics Inc. and a robotic conveyor vehicle from Vecna Robotics.

In addition to merging offices and transitioning customers, UR says it will gain industry value by hiring the former Rethink employees, including their specialties in engineering, product development, and customer applications.

"Our new colleagues from Rethink have extensive expertise, knowledge and know-how not only about the technology but indeed also about the market conditions and what the customers' pain-points are," von Hollen said. "All of this will benefit our customers and partners as we face an increase in competitors due to the huge market potential for collaborative robots."

The Latest

More Stories

containers stacked at a port

Supply chain execs wary of three trends in 2025, Moody’s says

Three issues ranking at top of mind for supply chain executives in 2025 will be supply chain restrictions, reputational risk, and quantifying risk exposure, according to Moody’s, a global integrated risk assessment firm.

Each of those points could have a stark impact on business operations, the firm said. First, supply chain restrictions will continue to drive up costs, following examples like European tariffs on Chinese autos and the U.S. plan to prevent Chinese software and hardware from entering cars in America.

Keep ReadingShow less

Featured

youngster checking shipping details on smartphone

Survey: older generations are unaware of holiday shipping deadlines

As holiday shoppers blitz through the final weeks of the winter peak shopping season, a survey from the postal and shipping solutions provider Stamps.com shows that 40% of U.S. consumers are unaware of holiday shipping deadlines, leaving them at risk of running into last-minute scrambles, higher shipping costs, and packages arriving late.

The survey also found a generational difference in holiday shipping deadline awareness, with 53% of Baby Boomers unaware of these cut-off dates, compared to just 32% of Millennials. Millennials are also more likely to prioritize guaranteed delivery, with 68% citing it as a key factor when choosing a shipping option this holiday season.

Keep ReadingShow less
shopper returning purchase with smartphone

E-commerce retailers brace for surge in returns

As shoppers prepare to receive—and send back—a surge of peak season e-commerce orders this month, returns will continue to pose a significant cost for the retail industry, with total returns projected to reach $890 billion in 2024, according to a report released today by the National Retail Federation (NRF) and Happy Returns, a UPS company.

Measured over the entire year of 2024, retailers estimate that 16.9% of their annual sales will be returned. But that total figure includes a spike of returns during the holidays; a separate NRF study found that for the 2024 winter holidays, retailers expect their return rate to be 17% higher, on average, than their annual return rate.

Keep ReadingShow less
forklift carrying goods through a warehouse

RJW Logistics gains private equity backing

RJW Logistics Group, a logistics solutions provider (LSP) for consumer packaged goods (CPG) brands, has received a “strategic investment” from Boston-based private equity firm Berkshire partners, and now plans to drive future innovations and expand its geographic reach, the Woodridge, Illinois-based company said Tuesday.

Terms of the deal were not disclosed, but the company said that CEO Kevin Williamson and other members of RJW management will continue to be “significant investors” in the company, while private equity firm Mason Wells, which invested in RJW in 2019, will maintain a minority investment position.

Keep ReadingShow less
iceberg drawing to illustrate supply chain threats

GEP: six factors could change calm to storm in 2025

The current year is ending on a calm note for the logistics sector, but 2025 is on pace to be an era of rapid transformation, due to six driving forces that will shape procurement and supply chains in coming months, according to a forecast from New Jersey-based supply chain software provider GEP.

"After several years of mitigating inflation, disruption, supply shocks, conflicts, and uncertainty, we are currently in a relative period of calm," John Paitek, vice president, GEP, said in a release. "But it is very much the calm before the coming storm. This report provides procurement and supply chain leaders with a prescriptive guide to weathering the gale force headwinds of protectionism, tariffs, trade wars, regulatory pressures, uncertainty, and the AI revolution that we will face in 2025."

Keep ReadingShow less