Responsive Image Banner

Terex buys into robotics company Apptronik

Premium Content

07 February 2023

Terex Corp. announced it has made an equity investment in Apptronik, Inc., an Austin, Texas, company specializing in the development of versatile, mobile robotic systems. No financial details were provided.

Apptronik Valkyrie Robot Terex has made an equity investment in Apptronik, a developer of robotic systems such as the Valkyrie Robot for the DARPA Robotics Challenge. (Photo: Apptronik)

Separate from the equity investment, the two companies also entered into a co-development agreement to work together to create potential robotic applications for Terex products.

“Multiple trends are converging to drive adoption of human-centered robots in everyday applications and Apptronik is well positioned to capitalize on this emerging trend,” said Terex Chairman and Chief Executive Officer John L. Garrison, Jr.

Apptronik’s co-founders have worked on advanced human-centered systems including the NASA Valkyrie Robot for the DARPA Robotics Challenge.

Other Apptronik projects include Astra, an upper-body humanoid robot packed into a small form, enabling it to be placed on any mobility platform and most recently, Apollo, a NASA-backed versatile humanoid designed to scale and apply to numerous applications.

“We are at an inflection point in the robotics industry where, in just a few years, we expect to see general-purpose robots being adopted at scale across numerous industries,” said Jeff Cardenas, chief executive officer and co-founder of Apptronik.

“We are excited to be working with Terex Corp. as we blaze the trail for the robotics revolution that we anticipate will transform the way we live and work.”

Power Progress Networking Forum

The Tariff Report Everyone Will Want...
Early Access For Attendees.

All Power Progress Networking Forum attendees will receive early access to the updated digital report by Off-Highway Research, 'The Impact of U.S. Tariffs on the Construction Equipment Industry.'

Register your interest
POWER SOURCING GUIDE

The trusted reference and buyer’s guide for 83 years

The original “desktop search engine,” guiding nearly 10,000 users in more than 90 countries it is the primary reference for specifications and details on all the components that go into engine systems.

Visit Now

STAY CONNECTED



Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

Latest News
Volvo CE and Metzner in first all-electric deconstruction project
Volvo Construction Equipment (Volvo CE) and Metzner Recycling has completed the world’s first zero-emission industrial-scale deconstruction
New Holland D-Series mini excavators built in-house
E42D and E50D mark the debut of a fully in-house engineered D-Series line
Caterpillar recognizes top-performing suppliers
Recognized in Supplier Excellence, Aftermarket Excellence and Supplier of the Year categories
CONNECT WITH THE TEAM
Becky Schultz Vice President of Content Tel: +1 480 408 9774 E-mail: becky.schultz@khl.com
Julian Buckley Editor Tel: +44 (0) 1892 784088 E-mail: julian.buckley@khl.com
Chad Elmore Managing Editor E-mail: chad.elmore@khl.com
Tony Radke Vice President of Sales Tel: +1 602 721 6049 E-mail: tony.radke@khl.com
CONNECT WITH SOCIAL MEDIA