Teradyne Inc. (NYSE: TER) is buying Universal Robots for $285 million.

The target supplies collaborative robots, which work side-by-side with production workers in manufacturing settings. The company had a revenue increase of more than 70 percent in 2014, recording a $38 million profit.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.