Agile Robots AG, a Munich-based leader in robotics solutions for complex automation, has announced the acquisition of FRANKA EMIKA GmbH, another Munich-based robotics specialist. This move comes after the approval from the creditors’ committee of FRANKA EMIKA, which had declared insolvency. The financial details of the transaction remain undisclosed.
Following the acquisition, Agile Robots intends to retain the approximately 100 employees of Franka Emika and plans significant investments in the company’s growth in Bavaria. The strategy includes expanding the product portfolio, enhancing global sales, and continuing with research and development initiatives.
Zhaopeng Chen, the CEO and founder of Agile Robots, views the merger as a “strong signal for Germany as a robotics and AI location.” He expressed optimism about creating a Bavarian technology company with a global perspective and is excited to work with the Franka Emika team to shape the future of Industry 5.0.
Rory Sexton, VP Operations of Agile Robots, emphasized that the acquisition aligns with their international growth strategy. Sexton believes that the combination of strong AI and software expertise with Franka Emika’s leading robotics technology will boost innovation and the development of market-ready products, benefiting the teams and customers of both companies.
Founded in 2018 from the German Aerospace Center (DLR), Agile Robots has experienced substantial growth. As a technology leader, the company offers an extensive range of high-precision robotic solutions for a diverse international client base.
Agile Robots is supported by prominent international technology and growth investors, including Softbank and Foxconn. These investors, along with the company’s founders, hold a majority stake in Agile Robots. Other investors include Chimera, Hillhouse, Linear Capital, Sequoia, and Temasek.
Photo: Franka Emika