Mobile Industrial Robots (MiR) Company Profile: History, Ownership, Products and Stock
Updated: 7 days ago
Mobile Industrial Robots, known as MiR, is a Danish maker of autonomous mobile robots that move materials inside factories, warehouses and hospitals. Founded in Odense in 2013, it was acquired in 2018 by the American company Teradyne, which also owns Universal Robots, and the two robot makers now share a headquarters. This profile sets out MiR's history, ownership, product range, the financial context inside Teradyne, leadership and share data.
MiR at a Glance
Fact | Detail |
Company | Mobile Industrial Robots A/S |
Founded | 2013, by Niels Jul Jacobsen |
Headquarters | Energivej 51, Odense, Denmark |
Owner | Teradyne, Inc., since 2018 |
Purchase price | EUR 121 million up front, plus up to EUR 101 million in earn-outs |
Sister company | Universal Robots |
Business | Autonomous mobile robots, top modules and fleet software |
Stock listing | None of its own. Parent Teradyne: NASDAQ TER |
President | Jean-Pierre Hathout |
Company History
Niels Jul Jacobsen founded MiR in Odense in 2013 to build mobile robots that could work safely among people and be set up without specialist programming. The company grew very quickly: sales rose fivefold from 2015 to 2016 and roughly tripled again in 2017, to USD 12 million, a year in which it was profitable. By early 2018 it had a distribution network in more than 40 countries and regional offices in New York, San Diego, Singapore, Dortmund, Barcelona and Shanghai, and hundreds of manufacturers had installed its robots.
On April 25, 2018 Teradyne announced that it was acquiring MiR for EUR 121 million, about USD 148 million, net of cash acquired, plus up to EUR 101 million if performance targets were met through 2020. Teradyne's chief executive at the time, Mark Jagiela, called MiR the market leader in the young but fast-growing market for collaborative autonomous mobile robots. Teradyne had bought Universal Robots three years earlier, also in Odense.
Key milestones
2013: MiR founded by Niels Jul Jacobsen.
2017: Revenue of USD 12 million, more than triple the previous year.
2018: Teradyne announces the acquisition on April 25.
2022: Groundbreaking for a joint headquarters with Universal Robots in Odense.
2024: The joint headquarters of about 20,000 square meters opens; the MC600 mobile collaborative robot is launched in November.
Ownership and Structure
MiR is wholly owned by Teradyne, Inc. and forms the Teradyne Robotics group together with Universal Robots. The two companies share a headquarters in Odense, designed for 600 employees. MiR sells through branch offices and a worldwide network of distributors, and since the MC600 it also sells some products directly.
Products
MiR describes its robots as autonomous mobile robots for logistics and manufacturing that can be deployed or redeployed within hours and move everything from small parts to heavy pallets.
Product | Type | Notes |
MiR250 | Autonomous mobile robot | Compact robot, also available with a hook for towing carts |
MiR600 | Autonomous mobile robot | Robot for pallets and heavy loads |
MiR1350 | Autonomous mobile robot | The heaviest standard platform |
MiR1200 Pallet Jack | Autonomous pallet jack | Pallet transport |
MC250 | Mobile collaborative robot | Mobile base with a robot arm, popular in semiconductor fabs |
MC600 | Mobile collaborative robot | MiR600 base with a Universal Robots UR20 or UR30 arm, payload up to 600 kg |
Top modules | Attachments | Towing, shelf lifting and pallet transport |
MiR Fleet, MiR Insights and robot software | Software | Fleet management, analytics and robot control |
MiR Go | Ecosystem | More than 160 approved applications and top modules from partners |
The MC600
Launched in November 2024, the MC600 combines the MiR600 mobile base with a UR20 or UR30 collaborative arm from Universal Robots, controlled by a unified software platform from the Danish partner Enabled Robotics. It is aimed at palletizing, box handling, machine tending and material handling across several machines. It is the clearest example of what Teradyne gains by owning both companies.
MiR product reviews on All Things Cobots
Financial Context
MiR does not publish its own accounts. Teradyne reports it together with Universal Robots in its Robotics segment, which had revenue of USD 89 million in the fourth quarter of 2025, about 8% of Teradyne's total. Teradyne restructured the robotics group during 2025, a measure that affected about 400 employees, and expects growth across all its businesses in 2026.
Leadership
Name | Role |
Jean-Pierre Hathout | President of MiR; also leads Universal Robots |
Greg Smith | Chief Executive Officer, Teradyne |
Niels Jul Jacobsen | Founder |
Stock Information
Item | Detail |
Listing | Teradyne, Inc., NASDAQ: TER |
Share price | About USD 403 in October 2026 |
Market capitalization | About USD 63 billion |
Teradyne's share price is driven mainly by semiconductor test equipment. Robotics is a small part of the group.
Note: share prices are indicative figures as of early October 2026 and change daily. This section is general information, not investment advice.
Strengths and Challenges
Strengths
An early leader in collaborative autonomous mobile robots.
A range that covers small parts to heavy pallets.
A partner ecosystem with more than 160 approved applications.
Mobile cobots built with its sister company Universal Robots.
Challenges
A crowded mobile robot market with many competitors.
A robotics group that was restructured in 2025.
A small share of its parent's business.
Outlook
MiR's direction is toward heavier loads, pallet handling and mobile manipulation, with the MC series as the link between its platforms and Universal Robots arms.
Current Catalogue Coverage
Catalogue checked on 15 October 2026: 7 associated product records. The links below are representative entries, rather than a claim that every historical model is currently available.
MiR FAQ
Who owns MiR?
Mobile Industrial Robots is owned by Teradyne, Inc., which announced the acquisition in April 2018.
Is MiR publicly traded?
Not separately. Teradyne is listed on NASDAQ under the symbol TER.
When was MiR founded?
In 2013 in Odense, Denmark, by Niels Jul Jacobsen.
What is the relationship between MiR and Universal Robots?
Both are owned by Teradyne and form Teradyne Robotics. They share a headquarters in Odense and combine their products in mobile collaborative robots such as the MC600.
What does MiR make?
Autonomous mobile robots such as the MiR250, MiR600 and MiR1350, an autonomous pallet jack, mobile collaborative robots, top modules and fleet software.
Sources
MiR: about MiR
MiR: products
Teradyne and MiR announce the acquisition of MiR
Design World: MC600 mobile collaborative robot
Teradyne: fourth quarter and full year 2025 results
