SoftBank Group is considering an acquisition of Gravis Robotics AG as it looks more closely at artificial intelligence that supports robotics, according to ChainCatcher, citing people familiar with the matter. The Japanese investment group is said to be planning a large investment in the European startup and may fold the company into its newly established entity, Roze. The transaction could be carried out in stages, with SoftBank gradually buying existing shares while also injecting fresh capital. People familiar with the discussions said the deal could eventually value Zurich-headquartered Gravis at more than $500 million. No final decision has been made on the size or structure of the transaction, according to the report.
SoftBank Group is considering an acquisition of Gravis Robotics AG as it targets artificial intelligence that supports robotics technology, according to ChainCatcher, citing people familiar with the matter.
The report said SoftBank plans to make a large investment in the European startup and place it under its newly established company, Roze.
People familiar with the matter said the transaction could be completed in stages. That would involve gradually acquiring existing shares and adding new capital. They said the deal could ultimately value Zurich-based Gravis at more than $500 million.
No final decision has yet been made on the size or structure of the transaction.
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