Agile Robots AG acquires robotics specialist Franka Emika
Munich, 2.11.2023 – Agile Robots, a leading provider of robotics solutions for complex automation, headquartered in Munich, is taking over the business operations of Munich-based robotics specialist FRANKA EMIKA GmbH. The creditors‘ committee of insolvent FRANKA EMIKA had previously approved the corresponding agreement. Financial details of the transaction were not disclosed.
Following the transaction, Agile Robots plans to continue the operations of Franka Emika with its approximately 100 employees and to invest in the further growth of the company in Bavaria. This includes expanding the product portfolio, strengthening global sales, and continuing R&D activities.
Zhaopeng Chen, CEO and founder of Agile Robots: „The merger of Agile Robots and Franka Emika is a strong signal for Germany as a robotics and AI location. This transaction is an industrial solution that offers a unique opportunity to create a Bavarian technology company with a truly global perspective. We look forward to shaping the future of Industry 5.0 together with the team at Franka Emika.“
Rory Sexton, VP Operations of Agile Robots: „This transaction allows us to accelerate the implementation of our international growth strategy. The combination of strong AI and software expertise with leading robotics technology strengthens our innovation power and our ability to develop demand-driven and market-ready products. This is good for our location, for the teams, and for the customers of both companies.
Since its founding in 2018 from the German Aerospace Center (DLR), Agile Robots has been on a strong growth trajectory. As a technology leader, the company offers a unique range of high-precision robotic solutions for customers from various industries worldwide.
Agile Robots is backed by leading international technology and growth investors, including Softbank, an early-stage robotics investor, and Foxconn, one of the world‘s largest OEMs. Together with the founders, these investors hold a majority stake in the company. Agile Robots‘s other investors include Chimera, Hillhouse, Linear Capital, Sequoia and Temasek.