Universal Robots deploys financing program

by Inside Logistics Online Staff
Universal Robots dominates the cobot market at present.

Odense, Denmark – Universal Robots (UR) has launched a cobot leasing program in collaboration with DLL, a global vendor finance company. The new partnership allows manufacturers, regardless of size or capital equipment budgets, to implement robotics.

DLL offers UR customers flexible financing and leasing programs. 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’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.”

UR’s distributor network will work directly with DLL’s finance experts in each country to provide new payment and leasing options for interested customers.

“We are delighted to establish a global partnership with Universal Robots,” said Neal Garnett, president of construction, transportation and 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. Our 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.”