Gauge Capital has partnered with AGT Robotics to provide growth capital and support the company's strategic expansion in the robotic welding sector.
Information on the Target
AGT Robotics, based in Trois Rivieres, QC, was founded in 1992 and has established itself as a premier provider of robotic welding solutions tailored for the structural steel and heavy metal fabrication industries. The company specializes in modular, autonomous welding robots that utilize proprietary software designed specifically for this sector. This innovative software allows users to analyze structural plans, identify distinct parts involved in the welding process, and select the most appropriate welding techniques, enabling the robots to perform tasks with minimal human intervention.
Industry Overview in Canada
The Canadian robotics industry has been experiencing significant growth, driven by advancements in technology and increased automation in various sectors. Robotics has become a crucial element in manufacturing, particularly in industries like construction and heavy metal fabrication, which are foundational to Canada's economy. This upward trend is largely attributed to the demand for efficiency, safety, and precision in manufacturing processes.
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In recent years, the Canadian government has also recognized the importance of robotics in maintaining competitiveness in global markets. Through various initiatives, they have promoted research and developmen
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Gauge Capital
invested in
AGT Robotics
in 2023
in a Growth Equity & Expansion Capital deal