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Strive to Empower Public Health with Disinfection Robotics Solution in Post-Pandemic Era
HONG KONG, April 20, 2022 /PRNewswire/ — SoftBank Robotics Group Corp. (“SBRG”) today announced its strategic equity investment in Avalon SteriTech (“Avalon”), marks a great step forward in strengthening the companies’ collaboration since its joint venture was established in March 2021. Upon the completion of the transaction, SBRG will own approximately 5% stake in Avalon’s disinfection business. Mr. Kenichi YoshidaChief Business Officer of SoftBank Robotics Corp, will take part in its board of directors to support the continuous growth of the company.
The transaction is subject to customary closing conditions and is expected to close by the end of April 2022.
Avalon and SBRG continue to see a strong market demand for robotic disinfection technologies and how they successfully raised the bar of cleaning and disinfection in combatting the ongoing COVID-19 pandemic. In doing so, the two companies strive to innovate smart-cleaning products and customized solutions in Hong Kong and beyond, leveraging Avalon’s strengths in biotechnology and healthcare, and SBRG’s expertise in AI, automation, and robotics.
Building on the success of Whiz Gambit, the 2-in-1 AI-powered cleaning and disinfection robotics solution launched under the joint venture, has successfully extended its footprints worldwide from Asia Pacific to EMEA, forging ahead toward Australiathe United Arab Emirates…
Full story available on Benzinga.com
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