Teradyne (NASDAQ: TER) +7% reports Q1 beats for the period ending on March 29 and provides a broad Q2 outlook due to the pandemic, expecting revenue of $690-800M (consensus: $643.7M) and EPS of $0.86-1.16 (consensus: $0.80).

the company made a transformative move into the robotics market with the purchase of Universal Robots (UR). UR had built a leading position in the category for collaborative robots or cobots. These are low-cost robots that are used in conjunction with production workers — helping with packing, assembly, gluing and polishing. during 6/2017, the robots segment saw revenues spike by 117.4% to $19.6 million. Keep in mind that Teradyne spent only about $284 million for the acquisition.

Teradyne to build ‘world’s largest’ collaborative robotics hub at a cost of $36 million The facility (main illustration) is located in Denmark and its eventual cost is estimated at approximately $36 million.

Simon Kollerup, unveiled what will become the new home of Teradyne’s robotics business units, Mobile Industrial Robots and Universal Robots, both of which it acquired in the past year or so.