Industry Briefing
A single destination for timely, editor-curated robotics news from around the world.
SoftBank Negotiates Acquisition of 1X to Enhance Robotics and AI Investments
SoftBank is in negotiations to acquire a majority stake in humanoid robot startup 1X, which is valued at approximately $6 billion. The deal is not finalized and may still undergo adjustments. 1X focuses on household humanoid robots, with its flagship product being NEO. If the acquisition proceeds, it will fill a crucial gap in SoftBank's robotics portfolio. This move is significant as it aligns with SoftBank's ongoing strategy in the robotics sector, which includes a $5.375 billion agreement to acquire ABB's robotics business in 2024. Earlier this year, SoftBank led a $1.4 billion funding round for Skild AI, a company specializing in general robotic brains, which has a post-investment valuation exceeding $14 billion. SoftBank's investments also extend to warehouse automation firms like AutoStore and Berkshire Grey, alongside its own SoftBank Robotics service. Looking ahead, SoftBank aims to integrate its robotics assets into the Robo HD platform, enhancing internal collaboration within its investment portfolio. By fiscal year 2025, SoftBank plans to invest in over 20 projects in the Physical AI sector, with related holdings expected to exceed $8 billion in fair value. The outcome of the 1X acquisition negotiations remains uncertain, but it reflects SoftBank's strategy to establish a comprehensive AI robotics group ahead of the large-scale commercialization of Physical AI.
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Kraken Robotics Announces Closing of Strategic Acquisition of Covelya Group Limited, Updated 2026 Guidance and Appointments to Executive Team
Kraken Robotics Inc. has successfully completed its acquisition of Covelya Group Limited for approximately $615 million, a deal that was previously announced and is subject to closing adjustments. This acquisition, finalized today, marks a significant expansion for Kraken Robotics, a company listed on the TSX Venture Exchange and OTCQB. The transaction is valued in Canadian dollars, reflecting the company's strategic move to enhance its capabilities and market presence in the robotics sector.
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Kraken Robotics Announces Signing of Strategic Acquisition to Expand Global Maritime Capabilities
Kraken Robotics has announced its agreement to acquire Covelya Group, a prominent international provider of essential underwater technology solutions. This acquisition includes Covelya's subsidiary companies, which are recognized leaders in the field: Sonardyne International Ltd., EIVA A/S, Forcys Ltd., Wavefront Systems Ltd., Voyis Imaging Inc., and Chelsea Technologies Ltd. The deal aims to enhance Kraken's capabilities in delivering advanced underwater technology and solutions, further solidifying its position in the market. The acquisition is expected to be finalized in the coming months, aligning with Kraken's strategic growth objectives in the underwater technology sector.
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Rosenxt Announces Strategic Acquisition of Beam, Expanding Offshore and Subsea Capabilities
Rosenxt UK Ltd., a subsidiary of Switzerland-based Rosenxt Holding AG, has successfully acquired specific assets and talent from Rovco Limited, a subsea robotics and engineering company previously operating in Bristol and Aberdeen. This strategic acquisition aims to enhance Rosenxt's capabilities in the subsea sector, leveraging Rovco's expertise and resources to strengthen its market position. The deal underscores Rosenxt's commitment to expanding its operational footprint and technological prowess in the rapidly evolving subsea industry.
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