#South Korea #AI Technology #Seongnam #Doosan Robotics #ONExia

Doosan Robotics Boosts Its Strategy in AI Robotics

In a significant move towards establishing itself as a global leader in smart robotic solutions, Doosan Robotics has announced the acquisition of an 89.59% stake in the American automation engineering firm, ONExia. This strategic acquisition, valued at approximately $25.9 million, marks a decisive step in Doosan's multifaceted growth strategy aimed at enhancing its competitiveness in the rapidly evolving market of Physical AI.

About ONExia

Founded in 1984 and based in Pennsylvania, ONExia specializes in providing end-to-end automation solutions, encompassing everything from system design to implementation. The firm has built a strong foothold in critical sectors such as manufacturing, logistics, and packaging, significantly improving productivity and reducing operational costs for its clients. In recent years, ONExia has focused on developing collaborative systems tailored for end-of-line processes, like palletizing and packaging, which are in high demand across North America. This strategic focus has enabled the company to maintain an impressive annual sales growth rate of around 30%.

Doosan’s Strategic Shift

With the acquisition of ONExia, Doosan Robotics is transitioning from a hardware-centric approach to a comprehensive integrated model that leverages AI capabilities and software solutions. This shift is not merely a change in form; it represents a pivotal transformation in how Doosan intends to operate within the robotics landscape. The extensive industry knowledge and accumulated data from ONExia over its 25 years of operation are expected to bolster Doosan’s capabilities in AI and software solutions that are vital for the next generation of robotics.

Investing in Research and Development

In tandem with this acquisition, Doosan Robotics is doubling down on its internal R&D investments. The company is currently in the process of expanding its research team with top-tier experts in robotics and AI, software development, and quality control. Furthermore, a structural reorganization within its R&D division is underway, focusing on AI technologies, software advancements, and humanoid robotics. A new R&D Innovation Center is also set to be completed by the third quarter of this year, which will create an optimal development environment to facilitate rapid advancements.

Kevin (Minpyo) Kim, the CEO of Doosan Robotics, described the acquisition as a significant milestone, stating, "This acquisition represents an important step as we take concrete actions to reinforce our global presence, internalize AI technologies, and develop future-ready solutions. The expertise and established market position of ONExia will generate powerful synergies."

He also emphasized the company's lasting commitment to investments in R&D, strategic mergers and acquisitions, and the recruitment of top talent to secure its position in the global robotics landscape.

Conclusion

The steps taken by Doosan Robotics through the acquisition of ONExia and the simultaneous investment in R&D mark a bold strategy to not only enhance its product offerings but to lead in innovation within the AI robotics sector. As the company prepares for an evolving market, its focus on combining hardware and intelligent software will define its future trajectory in the industry, positioning itself at the forefront of the Physical AI revolution.

Thus, with the precision of their vision and ambitious plans, Doosan Robotics is undeniably positioned to shape the future of robotic solutions on a global scale.