March 1, 2018
Fanuc announced on February 9, 2018, that it acquired all shares of Life Robotics, a venture company that manufactures and sells CORO, a collaborative robot, and made it a wholly owned subsidiary.
Amount paid for acquisition is not disclosed. Recently, there has been an increasing demand for collaborative robots that do not require safety fences and can work with people.
With the acquisition, Fanuc aims to expand its lineup of collaborative robots to meet growing demand. CORO is safe without sharp elbows and can operate in a space-saving manner.