ABB's acquisition of Sevensense could prove beneficial given the predicted growth in the market for Autonomous Mobile Robots (AMRs). ABB's report last year forecasted a 20% annual growth rate for the AMR market over the next three years, increasing from $5.5 billion in 2023 to $9.5 billion by 2026. This growth rate significantly outpaces that of conventional fixed robots, which is expected to grow by 8% per year. The financial terms of the deal were not disclosed, but ABB confirmed that Sevensense's 35 employees will join its robotics division and remain based in Zurich.
Key takeaways:
- Industrial technology giant ABB has acquired Sevensense Robotics AG, a startup that specializes in improving the mobility and awareness of industrial robots using AI and 3D vision capabilities.
- Sevensense's technology allows robots to move around factories and warehouses independently of human operators, and can be integrated with various types of robots to provide them with unprecedented autonomy.
- The acquisition could be beneficial for ABB as the market for Autonomous Mobile Robots (AMRs) is expected to grow at around 20% per year for the next three years, rising from $5.5 billion in 2023 to $9.5 billion by 2026.
- ABB has already carried out extensive pilots integrating Sevensense’s technology with its AMRs, with notable projects involving the U.S. automaker Ford Motor Co. and the French tyre maker Michelin SCA.