Global leading intelligent robot unicorn enterprise Agile Robots announced the completion of its acquisition of robot company Franka Emika.

Franka Emika was founded in 2016 and is a company based in Munich that focuses on cutting-edge robotics technology research and development. It was one of the 50 innovative projects featured on the cover of the German magazine Time and won the German Future Award and Innovation Award.

Previously, the Munich District Court ordered preliminary bankruptcy management of Franka Emika on August 25, 2023. At present, the acquisition of Franka Emika by Siling Robotics has been approved by Franka Emika's creditor committee, and both parties to the transaction have stated that they will keep specific terms confidential. After this acquisition, Siling Robotics will provide continuous support for Franka Emika's team of over a hundred people in terms of business expansion, product development, and research and development projects.

Zhaopeng Chen, founder and global CEO of Agile Robots, said, "Agile Robots' acquisition of Franka Emika sends a strong signal to the entire industry, and we look forward to working with the Franka Emika team to build the future of Industry 5.0. This acquisition will accelerate Siling Robotics' global growth strategy, enhance the company's team's innovation capabilities, technological driving force, product commercialization capabilities, and customer service capabilities. This transaction not only enhances Agile Robots' industry competitiveness, but also benefits customers in the entire industry.

About Agile Robots

Agile Robots was founded in 2018, based on global development, committed to promoting the deep integration and innovation of cutting-edge robot technologies, and expanding the application of robots in more fields and scenarios.

Since its establishment, Agile Robots has received funding from SoftBank Vision Fund Phase II, Hillhouse Capital, Linear Capital, Sequoia China, CMB International CMB Telecom Fund, and Chimera, a fund under the Emperor's Group of Asia C Capital、Midas、 Renowned funds such as Bank of Communications International and Temasek Holdings, as well as industry investors such as Industrial Fulian, Xiaomi Group, Tianzhihang, New Hope Group, and New World, have continued to invest, becoming the fastest-growing unicorn companies in the global intelligent robotics field.