Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 10, 2016 10:11 PM ET

Electronic Equipment, Instruments and Components

Company Overview of Rethink Robotics, Inc.

Company Overview

Rethink Robotics, Inc. develops and produces industrial robots that help businesses in manufacturing, automation, and outsourcing applications. Rethink Robotics, Inc. has a strategic alliance with Sonoco Alloyd. The company was formerly known as Heartland Robotics, Inc. and changed its name to Rethink Robotics, Inc. in June 2012. Rethink Robotics, Inc. was founded in 2008 and is based in Boston, Massachusetts.

27-43 Wormwood Street

Boston, MA 02210

United States

Founded in 2008

Phone:

617-500-2487

Fax:

617-812-0448

Key Executives for Rethink Robotics, Inc.

Chief Executive Officer and President
Founder, Chairman of the Board and Chief Technology Officer
Age: 60
Co-Founder and Vice President of Administration & HR
Vice President of Manufacturing and Operations
Vice President of Product Development
Compensation as of Fiscal Year 2015.

Rethink Robotics, Inc. Key Developments

Rethink Robotics Announces Distribution Partnership with Freise Automation and HAHN Robotics

Rethink Robotics announced exclusive distribution partnerships with automation providers in Germany to continue the global expansion of the company. Freise Automation and HAHN Robotics will deliver Sawyer to the German manufacturing community, helping companies improve production processes and implement flexible and affordable automation.

Rethink Robotics and Sumitomo Heavy Industries, Ltd. Announce Exclusive Distribution Partnership in Japan

Rethink Robotics announced an exclusive distribution agreement with Sumitomo Heavy Industries, Ltd., to market, service and sell Rethink's Sawyer robot to the Japanese manufacturing community. Sawyer will be sold to manufacturers in Japan through Sumitomo's distribution channels, helping companies improve production processes by implementing flexible and affordable automation.

Rethink Robotics Announces Distribution Agreement with Shanghai Electrical Automation Design Research Institute

Rethink Robotics announced a distribution agreement with a Chinese firm to sell its newest robot, Sawyer, in China. The agreement with Shanghai Electrical Automation Design Research Institute Co., a division of Shanghai Electric, could help ease China's labor shortage woes, which have become increasingly prevalent in the Chinese manufacturing sector. At $29,000 per unit, and a five-year life span, manufacturing plants facing labor shortages will use Sawyer to perform simple tasks quickly and efficiently. Robots like Sawyer could help China reach its goal to be the world's leader in manufacturing of all kinds by 2049.

Similar Private Companies By Industry

Company Name Region
API Systems, Inc. United States
Golden Triangle Security Alliance Inc. United States
Ampt, LLC United States
Amprobe Instrument Corporation United States
Endevco Corporation United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Rethink Robotics, Inc., please visit www.rethinkrobotics.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.