The United Robotics Group has reached an agreement with SoftBank Robotics Group (SBRG) to acquire their French subsidiary SoftBank Robotics Europe (SBRE). SBRG will acquire a minority stake in URG and the two companies will continue to cooperate in the global marketing of various robots. By acquiring SBRE, URG will become one of the leading service robotics companies in Europe.
Headquartered in Paris, France, SBRE is a leader in humanoid robotics and the developer and manufacturer of the world-renowned Pepper and NAO robots. URG has been the master distributor in the European market since October 2021, responsible for sales, service and maintenance of Pepper and NAO.
With this acquisition, URG is following its strategy of securing a leading position in the robotics market through organic growth and acquisitions. The extensive knowhow and experience of SBRE's highly qualified employees not only ideally complement URG's broad product range, but the combined forces will above all accelerate research and development and thus further strengthen the company's innovative power.
The transaction is subject to merger clearance and is expected to close in the second quarter of 2022.
“We congratulate the team at Softbank Robotics Europe on this milestone. We look forward to continuing to work with the extended team as we support and grow the footprint for Pepper and Nao in the GCC,” said Ashish Panjabi, COO at Jacky’s Business Solutions that represent the interests for Pepper and Nao in the region.
You can check the full announcement on their website.
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