Hardware
Technicolor to acquire Cinram’s DVD business for €35 – 40 million
MUMBAI: Technicolor is planning to acquire Cinram Group’s North American optical disc manufacturing and distribution assets. The move comes in the wake of Technicolor’s advanced negotiations with two large US customers to assume their contracts for the replication and distribution of packaged media products (DVD and Blu-ray discs) in North America.
The value of the acquisition in the range of €35 – 40 million and will be entirely funded out of available cash.
As a result of this acquisition, Technicolor’s expanded operational platform could also serve to support other new customer additions in North America, in a manner consistent with the Group’s strategy of optimising the operating leverage of its packaged media products activities.
The purchase agreement with Cinram Group, Inc. is subject to obtaining certain consents as well as other customary closing conditions.
The transfer of the contracts and assets to Technicolor could occur as early as November 2015.
The customer contracts, if concluded, would add in excess of €190 million in annualised revenues to Technicolor’s Entertainment Services segment. This would have no impact on the Group’s Adjusted EBITDA and Free Cash Flow objectives for 2015.
MUMBAI: Addverb has taken a decisive turn on the road to humanoid automation, unveiling its first wheeled humanoid robot, Elixis-W, at LogiMAT India 2026 in Mumbai. Built and manufactured in India, the robot signals the company’s push to make so-called physical AI a practical presence on the factory floor rather than a futuristic concept.
Unlike traditional fixed automation, Elixis-W is designed to move, think and work alongside people in dynamic industrial settings. The robot combines adaptive wheeled mobility with dual arms, each fitted with five-fingered dexterous hands, allowing it to handle tasks that demand precision as well as flexibility.
At its core sits a Physical AI-ready architecture, supported by dual Nvidia Jetson Orin and Thor computing units. This setup is intended to give the robot the ability to perceive, plan and adapt to changing environments, rather than simply follow pre-programmed routines.
According to Addverb CEO and co-founder Sangeet Kumar, the humanoid reflects the company’s long-standing belief in human-robot collaboration. He said the robot is designed to take on repetitive, risky or physically demanding tasks, freeing human workers to focus on higher-value decision-making roles.
Alongside the humanoid, Addverb also showcased two new intralogistics solutions. The Cruiser 360, a four-way pallet shuttle, is aimed at high-density storage environments where space and speed matter. The FlowT, an autonomous forklift, is designed to move materials safely in busy warehouses and factory spaces.
Visitors also saw Trakr, the company’s quadruped robot, navigating the exhibition floor, offering a glimpse of how legged machines could assist in future warehouse and industrial operations.
Addverb, which began as a warehouse automation specialist, has steadily expanded its global footprint across the United States, Europe, Australia and Asia. Its client list includes Reliance, HUL, PepsiCo, Maersk, Mondial Relay and DHL.
With the launch of Elixis-W, the company is steering towards a future where robots are not just bolted to the floor, but rolling, reasoning and working shoulder to shoulder with people on the shopfloor.
