Siling Robotics announces the completion of the acquisition of robotics company Franka Emika

Siling Robotics, a leading global unicorn company, announced the completion of its acquisition of Franka Emika, a robot company.

Founded in 2016, Franka Emika is a Munich-based company that focuses on cutting-edge robotics technology research and development. It was one of the 50 innovative projects on the cover of Germany's Time magazine 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, Siling Robotics' acquisition of Franka Emika has been approved by Franka Emika's creditors committee, and both parties to the transaction have stated that they will keep the specific terms confidential.

After this acquisition, Siling Robotics will provide continuous support for Franka Emika's team of hundreds of people's subsequent business expansion, development and R&D projects.

Chen Zhaopeng, founder and global CEO of Siling Robotics, said, "Siling Robotics' acquisition of Franka Emika has unleashed a powerful momentum for the entire industry. We look forward to working with the Franka Emika team to build a 5.0 future.

This acquisition will accelerate Siling Robotics' global growth strategy and enhance the company's team's innovation, technology drive, product commercialization and customer service capabilities. This transaction not only enhances Siling Robotics' industry competitiveness, but also benefits customers across the industry."

About Siling Robotics

Siling Robotics was founded in 2018. Based on global development, it is committed to promoting the in-depth integration and innovation of cutting-edge robotics technologies and expanding the application of robots in more fields and scenarios.

Since its establishment, Siling Robotics has received continuous investment from SoftBank Vision Fund II, Hillhouse Capital, Linear Capital, Sequoia China, CMB International CMB Telecom Fund, Chimera, C Catal, Midas, Bocom International, Temasek Holdings and other funds under the Ad Dhabi Royal Group, as well as industrial investors Foxconn, Xiaomi Group, Tianzhihang, New Hope Group and New World, becoming the fastest growing unicorn company in the global intelligent robot field.

Review editor: Liu Qing