ABB Expands Robotics Portfolio with Sevensense Acquisition
ABB has made a significant move in the robotics space with its recent acquisition of Sevensense, a Swiss startup specializing in leveraging artificial intelligence (AI) and 3D vision to enhance the mobility of industrial robots in factories and warehouses.
The acquisition reflects a response to the growing demand for industrial robots capable of autonomous movement and operation. Sevensense, based in Zurich, is at the forefront of developing sensor and AI systems that equip factory robots with the capability to see and navigate through complex plant environments.
In contrast to the past, where robots on production lines were restricted by fixed magnetic strips, the newly acquired robots from ABB can now navigate the entire factory using their enhanced vision and intelligence. Sami Atiya, ABB’s head of robotics and discrete automation, highlights the newfound flexibility, allowing for seamless adaptations such as changing production lines or incorporating new production cells.
Advanced Features and Capabilities
Equipped with six cameras, each robot boasts the capability to move 2 tons of materials at speeds of 1.5 meters per second. This technological advancement significantly enhances adaptability and operational efficiency in dynamic manufacturing environments.
ABB estimates an impressive annual growth rate of around 20% in the market for autonomous mobile robots (AMR) until 2026. This projection is expected to propel the market from $5.5 billion in 2023 to $9.5 billion by 2026, surpassing the anticipated growth rate for conventional fixed robots, which is pegged at 8% annually.
The Sevensense acquisition is part of ABB’s broader strategy to stay at the forefront of innovation in the competitive robotics sector. ABB competes globally with industry giants such as Japan’s FANUC (6954.T) and Germany’s Kuka (KUKAF.PK). Previous investments include the expansion of its U.S. factory in the preceding year and the acquisition of ASTI Mobile Robotics in 2021.
While the terms of the Sevensense acquisition remain undisclosed, ABB is actively integrating the technology into its product portfolio. Notable clients, such as automaker Ford (F.N) and French tire manufacturer Michelin (MICP.PA), are already benefiting from this cutting-edge technology. Ford, for instance, has acquired 300 robots equipped with Sevensense technology for its Tennessee plant.
In summary, ABB’s strategic move to acquire Sevensense reinforces its commitment to innovation and leadership in the evolving landscape of industrial robotics.
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