Migatronic Automation Competitors and Similar CompaniesClear all

Novarc Technologies's competitors and similar companies include DRB Fatec, Guangzhou Songxing Electric and Axelent Engineering.

	Novarc Technologies Novarc Technologies is a company that designs and manufactures collaborative robots for industrial applications.	DRB Fatec DRB Fatec is a developer and supplier of industrial equipment.	Guangzhou Songxing Electric Guangzhou Songxing Electric is a developer and manufacturer of industrial automation equipment.	Axelent Engineering Axelent Engineering (formerly Hestra Automation) is a company providing industrial automation solutions.
Founding Date	Founding Date 2013	Founding Date 2001	Founding Date 1997	Founding Date 1972
Type	Type Private	Type Subsidiary	Type Private	Type Subsidiary
Tags	Tags Manufacturing & Industrial automation robotics welding	Tags Manufacturing & Industrial automation logistics machinery manufacturing equipment robotics welding	Tags Manufacturing & Industrial automation lasers machinery manufacturing equipment robotics welding	Tags Manufacturing & Industrial automation engineering machinery manufacturing equipment robotics welding
Locations	Locations North Vancouver, CA HQ North Vancouver, CA North Vancouver, CA Houston, US	Locations Busan, KR HQ Cheonan, KR Cheonan Si, KR	Locations Guangzhou Shi, CN HQ	Locations Hillerstorp, SE HQ
Employees	Employees 1404% increase	Employees 95	Employees 19015% decrease	Employees 41
Financial
Revenue (est.)	Revenue (est.) $11.4m (Y, 2022)	Revenue (est.) ₩53.7b (FY, 2022)	Revenue (est.) ¥21.7m (FY, 2023)	Revenue (est.) kr148.1m (FY, 2021)
Cost of goods	Cost of goods N/A	Cost of goods ₩45.1b (FY, 2022)	Cost of goods ¥24.8m (FY, 2023)	Cost of goods kr95.2m (FY, 2021)
Gross profit	Gross profit N/A	Gross profit ₩8.6b (FY, 2022)	Gross profit (¥3m) (FY, 2023)	Gross profit kr53m (FY, 2021)
Net income	Net income N/A	Net income ₩3.2b (FY, 2022)	Net income (¥30.6m) (FY, 2023)	Net income kr2.6m (FY, 2021)