Franka Emika Robotics Company was successfully acquired by Siling Robotics

Siling Robotics, the world's leading intelligent robot unicorn company, announced the completion of the acquisition of robotics company Franka Emika.

Franka Emika was founded in 2016. It is a company located in Munich that focuses on the research and development of cutting-edge robotic technologies. It has been one of the 50 innovative projects on the cover of German Time magazine and won the German Future Award and Innovation Award.

Previously, the Munich District Court ordered preliminary bankruptcy administration of Franka Emika on August 25, 2023. At present, Siling Robot's acquisition of Franka Emika has been approved by Franka Emika's creditor committee, and both parties to the transaction have stated that the specific terms will be kept confidential.

After the completion of this acquisition, Siling Robotics will continue to support Franka Emika’s subsequent business expansion, product development and R&D projects, and provide support for their team of hundreds of people

Chen Zhaopeng, founder and global CEO of Siling Robot, said that with the acquisition of Franka Emika, Siling Robot has sent a strong signal to the entire industry. 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 and enhance the company's team's innovation capabilities, technology driving force, product commercialization capabilities and customer service capabilities. This transaction not only enhances the competitiveness of Siling Robots, but will also benefit customers throughout the industry

AboutSiling Robot

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

Since its establishment, Siling Robot has received funding from SoftBank Vision Fund Phase II, Hillhouse Ventures, Linear Capital, Sequoia China, CMB International CMB Telecom Fund, Chimera, C Capital, a fund of Aduzabi Royal Group , Midas, BoCom International, Temasek Holdings and other well-known funds as well as industrial investors Fii, Xiaomi Group, Tianzhihang, New Hope Group, New World and other well-known funds have continued to invest, making it the fastest growing unicorn company in the global intelligent robot field.

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