Terex makes equity investment in Texas-based robotics company Apptronik

Terex has made an equity investment in Apptronik, an Austin-based company specializing in the development of versatile, mobile robotic systems whose goal is to bring forth the next generation of robots. Separate from the equity investment, the two companies have entered into a co-development agreement to work together to create potential robotic applications for Terex products. Apptronik’s co-founders have worked on the NASA Valkyrie Robot for the DARPA Robotics Challenge. Other Apptronik projects include Astra, an upper-body humanoid robot and, most recently, Apollo, a NASA-backed versatile humanoid designed to scale and apply to numerous applications.