Universal Robots launches cobot leasing program

Universal Robots has launched a cobot leasing program in collaboration with DLL, a global vendor finance company. The new partnership is said to enable all manufacturers, regardless of size or capital equipment budgets, to reap the benefits of automation without worrying about cash flow and seasonal fluctuations.

“We’re levelling 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 maximise productivity, quality and profitability, without increasing costs or cash outlay.”

DLL will offer UR’s customers financing and leasing programs designed to meet the needs of the modern manufacturing business, while enabling growth. 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 are delighted to establish a global partnership with Universal Robots,” said Neal Garnett, President of Construction, Transportation & Industrial (CT&I) Global Business Unit at DLL. “Through this partnership we can now offer financial solutions for a wide variety of automation equipment. Cobots are transforming the industry and UR is clearly the market leader.”

UR’s distributor network will work directly with DLL’s dedicated finance experts in each country to provide payment and leasing options for interested customers. End users will be able to leverage UR’s local support, service and maintenance, as well as training through its online UR Academy and global network of authorised training centres, and UR’s UR+ Ecosystem.