• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
SUBSCRIBE
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Future Tech AI

Germany’s URG to acquire Softbank European robotics division
Softbank's robotics division is known for humanoid robot assistant Pepper

Meghana Kandra by Meghana Kandra
April 13, 2022
in AI, Future Tech, Robotics, Tech
0
SoftBank grinds out Europe robotics sale
215
SHARES
3.6k
VIEWS
TwitterWhatsappLinkedin

Germany-based software company United Robotics Group (URG) will be acquiring SoftBank Group’s European robotics division. The division is known for its humanoid robot assistant Pepper. The financial details of the agreement were not disclosed. However, it is known that SoftBank will have a minority stake in URG. It appears that both the entities will corporate in marketing the robots from now on.

You might also like

Tech Titans Summoned to US Senate for Online Child Exploitation Hearing

Sam Altman Reinstated as OpenAI’s CEO Following Board Shake-Up

Tesla’s Cybertruck Lands in a Crowded Market: Can It Stand Out from the Pack?

SoftBank grinds out Europe robotics sale
Image credits- Mobile World Live

SoftBank will acquire a minority stake in URG and the two companies will continue to cooperate in marketing robots, the statement said without providing further financial terms of the deal. The French business will revert to its former name Aldebaran. SoftBank CEO Masayoshi Son acquired the business in 2012 in a short-circuited attempt to become a major player in the robotics industry.

SoftBank was in talks to sell the business to URG after stopping production of Pepper and slashing jobs at its robotics business globally. The deal, which follows the appointment of URG as the master distributor for Pepper in Europe in October last year, is expected to close in the second quarter of 2022.

Thomas Hahn, founder, and CEO of URG said the acquisition was an important step “on the way to further internationalizing our company. The future Aldebaran, with their strong reputation in the market, will help us to further expand our great potential in combining interaction robotics with our knowledge in collaborative industrial robotics.”

Humanoid Robot Pepper

SoftBank founder Masayoshi Son bought Aldebaran in 2012 as he attempted to make the Japanese company into a major robotics player. One of the unit’s biggest successes during SoftBank’s ownership was the creation of Pepper and the education-focused Nao robots. However, rumors of a sale of the unit heightened after Media reported in 2021 SoftBank had ceased production of Pepper due to low demand. As part of its pullback, the company also slashed jobs in its robotics business globally.

“We are pleased to welcome SBRE with more than 180 exceptionally motivated robotics specialists,” said Thomas Hähn, founder and CEO of United Robotics Group. “This is an important step for us on the way to further internationalizing our company. The future Aldebaran with their strong reputation in the market will help us to further expand our great potential in combining interaction robotics with our knowledge in collaborative industrial robotics.”

Furthermore, Fumihide Tomizawa, President & CEO, SoftBank Robotics Group, said: “We are strengthening our strategic partnerships with various robotics leader companies around the world. We are very pleased to form a strong partnership with a successful company, URG. We will leverage this great relationship to develop and market Pepper and a variety of other robots.”

Tags: EuropeRobotSoftbankUnited Robotics GroupURG
Tweet54SendShare15
Meghana Kandra

Meghana Kandra

Meghana studied PGD in Journalism, open university. She has more than five years of experience in content writing, from creative content development to online journalism. Electric vehicle enthusiast, engineer, and feminist.

Recommended For You

Tech Titans Summoned to US Senate for Online Child Exploitation Hearing

by Harikrishnan A
December 1, 2023
0
Meta Faces Heat Over Allegations of Hosting Underage Users on Instagram

The US Senate Judiciary Committee has scheduled a hearing on January 31, 2024. This hearing is being held to address the pressing issue of online child exploitation. The...

Read more

Sam Altman Reinstated as OpenAI’s CEO Following Board Shake-Up

by Harikrishnan A
November 30, 2023
0
OpenAI Faces Leadership Upheaval as Sam Altman and Greg Brockman Depart

Altman Expresses Excitement and Gratitude for Company's Future In a surprising turn of events just before Thanksgiving, OpenAI officially reinstated Sam Altman as its CEO, following a deal...

Read more

Tesla’s Cybertruck Lands in a Crowded Market: Can It Stand Out from the Pack?

by Ashmita Maria
November 30, 2023
0
Cybertruck Image

  In a remarkable development in the electric vehicle (EV) industry, Tesla has finally announced the long-awaited delivery of its futuristic Cybertruck. This news, as reported by The...

Read more
Next Post
8 Best Ways to Reach Your Target Audience

8 Best Ways to Reach Your Target Audience

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Copy Protect PDF, MP3, MP4 and more, with Nexcopy USB Duplicator Systems .

Related News

Cybertruck in a showroom

Tesla Cybertruck Showroom Locations: Where to See the Electric Beast in Person

November 24, 2023
How To Get To Bean Valley in Super Mario RPG

How To Get To Bean Valley in Super Mario RPG

November 19, 2023
How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

August 28, 2023
How to send a gift message on Instagram

How to send a gift message on Instagram

August 18, 2023
Blooket

How to hack blooket

September 30, 2022
COD- Modern Warfare

Burst Assault Rifle becomes a full-auto demon in Modern Warfare 3 loadout

November 14, 2023

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at info@techstory.in

BROWSE BY TAG

#Crypto acquisition AI amazon android Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk entrepreneurship Ethereum facebook flipkart funding Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT Russia Social Media SpaceX startup startups tech Tech news technology Tesla TikTok trending twitter uber whatsapp

© 2023 Techstory Media Pvt Ltd

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2023 Techstory Media Pvt Ltd

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?