We review the largest robotics funding rounds in Europe in recent years. We also look at ABB's announcement to open a centre in Barcelona dedicated to robotics digitisation.
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We review the largest robotics funding rounds in Europe in recent years. We also look at ABB's announcement to open a centre in Barcelona dedicated to robotics digitisation.
About ABB
ABB is a Swiss multinational and a world leader in electrical engineering and automation. It develops technologies for the efficient and safe generation, transmission and distribution of energy, as well as for increasing the productivity of industries and utilities (water, gas and electricity).
Its energy businesses focus on power transmission, distribution and power plant automation and provide electrical, gas and water services to industrial and commercial customers. Its automation division serves a wide range of industries with measurement, control, protection and process optimisation applications.
ABB operates in approximately 100 countries in four regions: Europe, the Americas, Asia and the Middle East and Africa (MEA), and currently has around 136,000 employees worldwide. The company closed 2016 with a turnover of 1TP2Q33,379M and an operating ebitda of 1TP2Q4,191M.
The Swiss multinational is a pioneering technology leader in Spain in electrification products, robotics, industrial automation and power grids, with customers in utilities, industry, transport and infrastructure. Its objective is to lead the future of digitalisation in industry and the fourth industrial revolution. ABB has a subsidiary in Spain, Asea Brown Boveri, which earned more than €670M in 2016 and employs around 2,000 people.
The company's activities are divided into the following divisions:
- for Power Products: development of products for the transmission and distribution of electricity.
- Low Voltage Products: manufacture of low voltage switchgear, electrical accessories and wiring systems, among others.
- Power Systems: development of turnkey systems for power transmission and distribution networks and power plants.
- Discrete Automation & Motion: designing products, solutions and services that increase industrial productivity and energy efficiency.
- Process Automation: development of integrated solutions for the control and optimisation of industrial plants.
CORPORATE FINANCE EXPERTS
ABB to open a robotics digitalisation centre in Barcelona
The Swiss multinational ABB, dedicated to electrical engineering and automation, is planning a €15M investment to set up a robotics digitalisation centre within its facilities in Sant Quirze (Barcelona), specialising in robotics and motors.
The centre, to be up and running by next September, will be a digital laboratory for robotics solutions.
This new facility is expected to employ up to 70 developers by next year, and would be the embryo of a node attracting other companies with an innovation component.
Latest rounds of investment in Robotics in Europe
| Company | Description | Country | Amount | Date |
|---|---|---|---|---|
| Fracttal | Fracttal is the asset management platform for the Internet of Things (IoT). Fracttal is a cloud-based SaaS software that seeks to combine M2M and EAM communication capabilities. | Chile | $2M | 05/04/2018 |
| Helios Wire | Helios Wire provides M2M and IoT satellite connectivity to the mass market by using S-band Spectrum prioritised mobile satellite system (MSS) to build a two-way system with global satellite capacity for ultra-low power networks. | Canada | $2M | 30/11/2017 |
| Globetouch | It provides global connectivity services for connected devices with its ecosystem of operator partners, device manufacturers and mobile OS companies and enterprises. The company connects smartphones, M2M devices, connected cars, tablets and MiFi devices. | USA | $40M | 01/11/2017 |
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If you are looking for investors, you want to buy or sell your company or finance your R&D&I project, get in touch with our Corporate Finance experts.
If you are looking for investors, want to buy or sell your company or finance your R&D&I project, contact our Corporate Finance experts.