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The North American robotics market demonstrated minor overall growth in 2024, reflecting resilience and adaptability as automation strengthened its role across industries. According to new data from the Association for Advancing Automation (A3), North American companies ordered 31,311 robots valued at $1.963 billion, representing slight increases of 0.5 percent in units and 0.1 percent in revenue over 2023. These modest gains mark stabilization after years of volatility and record-breaking growth.
Motion Industries, Inc. has signed a definitive purchase agreement to acquire the operating assets of U.S. based International Conveyor and Rubber (ICR). The transaction is expected to close at the end of December 2024, subject to customary closing conditions.