The launch of ASTI as ABB Flexley includes a complete rebranding of all the ASTI solutions, offices and facilities.
ASTI solutions are currently selling at a revenue of $50M per year with a 30% annual growth rate.
This week Steve and Mike talk to Sami Atiya, CEO of ABB Robotics and Verónica Pascual, CEO of ASTI about the recent news of the acquisition of ASTI by ABB. Also on the show is Ash Sharma from Interact Analysis to discuss the story.
Robotics investments totaled at least $4.3 billion in February 2019 in a steep increase from January, which had about $1.4 billion. In addition, companies reported approximately $3.9 billion worth of acquisitions this past month. Any political or economic jitters have not yet harmed the mood for robot deals. The Robotic Industries Association noted yesterday that robot…