Foxconn vendor Agile Robots acquires majority stake in XNG Automation to scale up local production
"We have acquired a majority stake in Bengaluru-based XNG Automation to expand our local production of automation solutions," Agile India managing director Saravanan Solaiappan said without sharing financial details of the deal.
Agile Robots, a vendor of Foxconn and AI robotics company, has acquired a majority stake in Bengaluru-based XNG Automation. The acquisition aims to expand local production of automation solutions.
Agile Robots supplies automation solutions to companies like Foxconn and Tata Electronics in India, both of which are involved in producing the Apple iPhone. XNG Automation has around 200 employees and specializes in factory and intralogistics automation, with expertise in system integration and machine vision.
The deal will enable Agile Robots to access and serve more customers, according to its Executive Director, Rory Sexton. The acquisition combines Agile Robots' advanced robotic hardware and AI software with XNG's integration expertise, supporting Indian manufacturing's transition towards intelligent, AI-enabled production.
Brief written by urgent.news from Economic Times Tech, Hindu BusinessLine — 2 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.
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- Foxconn vendor Agile Robots acquires majority stake in XNG Automation to scale up local production thehindubusinessline.com
