Rainbow Robotics
Samsung acquires majority stake in robotics specialist
The South Korean technology giant Samsung Electronics is further expanding its position in the robotics market. As announced by Rainbow Robotics in a mandatory announcement on Tuesday, Samsung has acquired a majority stake in the robotics specialist with a capital contribution of around 170 million euros.
Samsung, previously the second largest shareholder with a 14.71 percent stake, replaces company founder Oh Jun-ho and his companies as the majority owner. In a separate announcement, Samsung announced the establishment of a new "Future Robotics Office", which will report directly to the CEO.
The acquisition underlines Samsung's ambition to consolidate and expand its position in the promising robotics market, which is seen as one of the key technologies of the future.
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