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 european robotics manufacturer


Another Chinese acquisition of a European robotics manufacturer

Robohub

Huachangda Intelligent Equipment, a Chinese industrial robot integrator primarily servicing China's auto industry, has acquired Swedish Robot System Products (RSP), a 2003 spin-off from ABB with 70 employees in Sweden, Germany and China, for an undisclosed amount. RSP manufactures grippers, welding equipment, tool changers and other peripheral products for robots. Last month HTI Cybernetics, a Michigan industrial robotics integrator and contract manufacturer, was acquired by Chongqing Nanshang Investment Group for around $50 million. HTI provides robotic welding systems to the auto industry and also has a contract welding services facility in Mexico. China is in the midst of a national program to develop or acquire its own technology to rival similar technologies in the West, particularly in futuristic industries such as robotics, electric cars, self-driving vehicles and artificial intelligence.