U.S. Markets closed

Universal Robots Launches Financial Services Leasing Program in Collaboration with DLL

Manufacturers immediately benefit from collaborative robots without the upfront capital investment

Universal Robots (UR), the most trusted and widely-deployed collaborative robot (cobot) manufacturer in the world, today launched its new cobot leasing program in collaboration with DLL, a global vendor finance company. The new partnership enables all manufacturers, regardless of size or capital equipment budgets, to reap the benefits of automation without worrying about cash flow and seasonal fluctuations.

"We’re leveling the playing field by enabling all manufacturers to immediately put cobots to work without an upfront capital investment," said Klaus Vestergaard, CFO at Universal Robots. "UR Financial Services offers end-users a fast, low-risk and financially-friendly model to accelerate automation in their factories. The partnership makes it easy to upgrade existing cobots, add additional units or test cobots for the first time – and equips end-users to maximize productivity, quality and profitability, without increasing costs or cash outlay."

DLL offers UR’s customers tailor made financing and leasing programs designed to meet the needs of the modern manufacturing business, while enabling growth. As business needs change, customers will have the option to schedule payments to fit fluctuations in cash flow, upgrade to new equipment, or add cobots anytime during the contract term. At the end of the finance term, customers will have the option to buy the equipment for a fraction of the original cost, upgrade to newer technology, extend the finance term or simply return the equipment.

"We are delighted to establish a global partnership with Universal Robots," said Neal Garnett, President of Construction, Transportation & Industrial (CT&I) Global Business Unit at DLL. "The market we operate in is evolving rapidly. Through this partnership we can now offer financial solutions for a wide variety of automation equipment. Cobots are transforming the industry and UR is clearly the market leader. Our tailored financial solutions give UR’s end-users an easy way to reduce the risk of deploying cobots by shifting from ownership to flexible, usage-based financing. Manufacturers can build the operations they need to compete and thrive, while people work on strategic tasks."

UR’s distributor network will work directly with DLL’s dedicated finance experts in each country to provide new payment and leasing options for interested customers. Through the experts’ specialized asset knowledge, flexible financing solutions and strategic marketing resources, they will support UR to execute the growth strategy. End users will continue to experience the benefits of working with UR, including its global reach, local support, service and maintenance, training offerings through its online UR Academy and global network of Authorized Training Centers, and UR’s extensive UR+ Ecosystem.

More information: urrobots.com/leasing

Download press kit: urrobots.com/presskit

About Universal Robots

Universal Robots was founded in 2005 to make robot technology accessible to all by developing small, user-friendly, reasonably priced, flexible collaborative robots (cobots) that are safe to work with. Since the first cobot was launched in 2008, the company has experienced considerable growth with the user-friendly cobot now sold worldwide. The company, which is a part of Teradyne Inc., is headquartered in Odense, Denmark, and has regional offices in the United States, Germany, France, Spain, Italy, UK, Czech Republic, Poland, Hungary, Romania, Russia, Turkey, China, India, Singapore, Japan, South Korea, Taiwan and Mexico. In 2018, Universal Robots had a revenue of USD 234 million. For more information, please visit www.universal-robots.com or read our blog at https://blog.universal-robots.com.

About DLL

DLL is a global vendor finance company with more than EUR 30 billion in assets. Founded in 1969 and headquartered in Eindhoven, the Netherlands, DLL provides asset-based financial solutions in the Agriculture, Food, Healthcare, Clean Technology, Construction, Transportation, Industrial, Office Equipment and Technology industries. DLL partners with equipment manufacturers, dealers and distributors in more than 30 countries to support their distribution channels and help grow their businesses. DLL combines customer focus with deep industry knowledge to deliver sustainable solutions for the complete asset life cycle, including commercial finance, retail finance and used equipment finance. DLL is a wholly owned subsidiary of Rabobank Group. To learn more about DLL, visit www.dllgroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200115005504/en/

Contacts

Company contact:
Joe Campbell
Senior Manager, Strategic Marketing & Applications Development
joca@universal-robots.com
1-844-GO-COBOT

Media contact:
Mette McCall
McCall Media
mette@mccallmedia.net
415 847 8649