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There is some merit to that theory. Also..historically robotics companies get acquired by Asian companies because that’s where manufacture and production is ha
by jelliclesfarm 6y ago
There is some merit to that theory.
Also..historically robotics companies get acquired by Asian companies because that’s where manufacture and production is happening. Also..in America, we are not as tech forward and don’t embrace robots on our intersections like they’d do in Asia..China, Singapore, Japan, Korea etc.
Can you imagine if SPOT mini went around asking people to mask up in American public parks? But Singapore deployed SPOT minis during covid and no one batted an eyelid.
When I approached my city’s PD and FD to acquire a couple of SPOT minis, I got a response that I wish I can share here..but sadly I can’t.. suffice to say that it was jaw dropping. With calls for defunding police departments, they are already on financial survival mode.. high tech will never reach American cities never mind be well adopted as in Asian cities.
KUKA for example became a Chinese company and was bought out for a pittance. At least Boston Dynamics had a good valuation. I guess SoftBank in America are better deal makers than German KUKA.
I have consistently been amazed by the demise and/or sell off of robotics companies for cheap. If the $1 billion number is true, I think that would be the highest number for an acquisition for a robotics company.