Cobot Market Boom Lifts Universal Robots’ Fortunes in 2016

ODENSE, Denmark — The demand for collaborative robots is strong, particularly in Europe. Proof can be found in the explosive growth of Universal Robots A/S since the company launched its first cobot in 2008. In 2016 alone, UR’s revenue reached an estimated 662 million Danish krone ($94 million U.S.) and delivered a profit of DKK 92 million ($13 million) before tax, reflecting the booming cobot market.

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