On Robot merges with two other companies, raises $15.6M from Enrico Krog Iversen and Vækstfonden.

Denmark Investments 11 June 2018
Share on FacebookShare on Twitter

On Robot, an Odense, Denmark-based robotics company announced getting into an agreement for the merger of three innovative end-of-arm tooling companies to facilitate the ongoing growth of collaborative robotics.

The new company combines U.S.-based Perception Robotics, Hungary-based OptoForce, and Denmark-based On Robot to become OnRobot, which will focus on the ease-of-use for robotic end-of-arm tooling.

The merger will be supported by a capital injection of over DKK 100M ($15.6M) provided by investors including Enrico Krog Iversen, and VF Venture (Vækstfonden).

OnRobot’s headquarters will be located in Denmark under the management of Enrico Krog Iversen, and the three entities will continue their individual operations and development as well. In addition, OnRobot’s global network of distributors will have access to local sales support, technical assistance and product training from the company’s regional offices in Germany, China, U.S., Malaysia, and Hungary. More offices to come in 2018.