Design World

  • Home
  • Technologies
    • 3D CAD
    • Electronics • electrical
    • Fastening & Joining
    • Factory automation
    • Linear Motion
    • Motion Control
    • Test & Measurement
    • Sensors
    • Fluid power
  • Learn
    • Ebooks / Tech Tips
    • Engineering Week
    • Future of Design Engineering
    • MC² Motion Control Classrooms
    • Podcasts
    • Videos
    • Webinars
  • LEAP AWARDS
  • Leadership
    • 2022 Voting
    • 2021 Winners
  • Design Guide Library
  • Resources
    • 3D Cad Models
      • PARTsolutions
      • TraceParts
    • Digital Issues
      • Design World
      • EE World
    • Women in Engineering
  • Supplier Listings

Michigan’s HTI Cybernetics acquired by Chinese investment group for $50m

By Editor Design World | October 27, 2017

Share

HTI Cybernetics, a Michigan maker of robotic welding systems, has been acquired by a Chinese investment group.

HTI, based in Sterling Heights, Mich., was bought by Chongqing Nanshang Investment for $50 million, according to a Global Times report.

HTI Cybernetics, which was founded in 1983, develops robotic welding systems for auto makers such as General Motors (NYSE:GM).

China is the largest buyer of industrial robots and its companies have been rapidly acquiring developers of robotic technology. Last year, 50 robotics companies were sold for more than $19 billion and nearly half of the deals involved Chinese investors. Midea’s high-profile purchase of German robot maker Kuka AG was the most notable acquisition.

Government initiatives such as the “Made in China 2025 program” is fueling rapid industry growth. The program’s five-year plan aims to automate sectors like car manufacturing, electronics, home appliances, logistics and food production — installing between 600,000 and 650,000 industrial robots — as well as increase the share of in-country produced robots by more than 50% by 2020, according to a Robot Report posting.

In September, ABB Ltd. disclosed plans to double its robot production capacity in China to compete with competitors Kuka AG and Fanuc in the region. Also, Germany-based  Siemens AG plans to open a new research center in Beijing to study and develop mechatronics systems, human-robot interactions and collaboration and the use of artificial intelligence in robotic controllers.


Filed Under: Appliance engineering + home automation, The Robot Report
Tagged With: hticybernetics
 

Tell Us What You Think!

Related Articles Read More >

Teradyne’s Robotics Summit keynote to discuss how cobots can solve labor crisis
auto radar
The basics of automotive radar
Softbank Whiz cleaning robot available outside of Japan
CMR Surgical raises $240M for Versius surgical robot

DESIGN GUIDE LIBRARY

“motion

Enews Sign Up

Motion Control Classroom

Design World Digital Edition

cover

Browse the most current issue of Design World and back issues in an easy to use high quality format. Clip, share and download with the leading design engineering magazine today.

EDABoard the Forum for Electronics

Top global problem solving EE forum covering Microcontrollers, DSP, Networking, Analog and Digital Design, RF, Power Electronics, PCB Routing and much more

EDABoard: Forum for electronics

Sponsored Content

  • Renishaw next-generation FORTiS™ enclosed linear encoders offer enhanced metrology and reliability for machine tools
  • WAGO’s smartDESIGNER Online Provides Seamless Progression for Projects
  • Epoxy Certified for UL 1203 Standard
  • The Importance of Industrial Cable Resistance to Chemicals and Oils
  • Optimize, streamline and increase production capacity with pallet-handling conveyor systems
  • Global supply needs drive increased manufacturing footprint development

Design World Podcasts

June 12, 2022
How to avoid over engineering a part
See More >
Engineering Exchange

The Engineering Exchange is a global educational networking community for engineers.

Connect, share, and learn today »

Design World
  • Advertising
  • About us
  • Contact
  • Manage your Design World Subscription
  • Subscribe
  • Design World Digital Network
  • Engineering White Papers
  • LEAP AWARDS

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Design World

  • Home
  • Technologies
    • 3D CAD
    • Electronics • electrical
    • Fastening & Joining
    • Factory automation
    • Linear Motion
    • Motion Control
    • Test & Measurement
    • Sensors
    • Fluid power
  • Learn
    • Ebooks / Tech Tips
    • Engineering Week
    • Future of Design Engineering
    • MC² Motion Control Classrooms
    • Podcasts
    • Videos
    • Webinars
  • LEAP AWARDS
  • Leadership
    • 2022 Voting
    • 2021 Winners
  • Design Guide Library
  • Resources
    • 3D Cad Models
      • PARTsolutions
      • TraceParts
    • Digital Issues
      • Design World
      • EE World
    • Women in Engineering
  • Supplier Listings