Robotics Company OnRobot Receives PE Investment

onrobotOnRobot A/S, an Odense, Denmark-based provider of end-of-arm tooling (EOAT) used in collaborative robot systems, received an investment of undisclosed amount.

The round was led by Summit Partners, with participation from existing investors Vaekstfonden (The Danish Growth Fund). In conjunction with the funding, Han Sikkens, a Managing Director with Summit Partners, will join the OnRobot Board of Directors.

The company intends to use the funds for continued international growth and expansion of its product portfolio.

Led by robotics pioneer Enrico Krog Iversen, OnRobot is a provider of hardware and software for customers to take advantage of the benefits of collaborative robot applications. It integrates grippers, sensors and software to facilitate the deployment of robots in a broad set of industries and end-use collaborative applications, including packaging, quality testing, material handling, machine tending and assembly.
The company has consolidated sales offices in Germany, China, the U.S., Malaysia, Spain and Hungary.

Prior to OnRobot, Krog Iversen served as CEO of Universal Robots, which he grew into the global market leader for collaborative robot arms. Universal Robots was acquired by Teradyne in 2015.



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