Universal Robots is a manufacturer of smaller size flexible industrial robot arms, based in Odense, Denmark. The business volume in 2014 was about 29,2 million Euro (17,2 million Euro in 2013). This is a growth rate of 70 percent in contrast to the previous year. The goal of Universal Robots is to double the turnover each year in the period from 2014 to 2017. Universal Robots has 140 employees and distributes its robots all around the world.