Supplier of drive and control system Bosch Rexroth has announced its intensions to acquire a majority stake in Kassow Robots as it adds collaborative robots to its portfolio.
Financial details of the acquisition were not disclosed, and it is subject to regulatory approval but it is expected to close later this year.
According to Bosch, the acquisition of the 7-axis cobot developer enables it to offer a one-stop solution, especially for the consumer goods and mobility industry including battery production as well as for semiconductor production.
Marc Wucherer, the member of Bosch Rexroth’s executive board who oversees sales and factory automation, said: “Collaborative industrial robots are another important building block for the versatile Factory of the Future.
“There is huge demand for flexible robotic systems. In the coming years the market for cobots is expected to grow by 15-20% each year. We want to take advantage of this potential and expand our portfolio with collaborative robots from Kassow Robots.”
Read more: Kassow releases machine-tending cobot
“With Bosch Rexroth, we have found a partner who is an international leader in factory automation and who can help us expand our business activities. This will enable us to open up new markets for our cobot portfolio,” said Kristian Kassow, CEO of Kassow Robots.
