Since 2015, the company is owned by American automatic test equipment designer and manufacturer Teradyne.

[5][6][7] Universal Robots was founded in Odense, Denmark in 2005 by Esben Østergaard, Kasper Støy, and Kristian Kassow.

That led them to develop the idea to make robot technology accessible to small and medium-sized businesses.

[19] In April 2022, Universal Robots announced that it had broken ground on a new headquarter in Odense, Denmark.

[20] In 2022, Universal Robots opened its 100th training center for cobot programming in Täby, Sweden.

[21] At Automatica 2022, a German trade fair for smart automation and robotics, the company revealed the UR20 as its latest product addition.