The global capital fund Summit Partners has invested a three-digit million amount in the robot company OnRobot. The investment was made in cooperation with Vækstfonden and existing investors and will increase OnRobot's future international growth and product development.
OnRobot is a Danish company which develops end-of-arm tooling for robots. In the early summer, OnRobot was strengthened by way of a merger of three minor companies developing end-of-arm tooling for robots. The plan is to grow further by purchasing a number of similar companies in order to become a global player within this niche. Horten has assisted Summit Partners in connection with the transaction.