EQS-Adhoc: DEUTZ intends to participate as lead investor in the ARX Robotics funding round – aiming for a strategic partnership

Summary by AI BETAClose X

DEUTZ intends to participate as the lead investor in the funding round for ARX Robotics GmbH, a German defense tech scale-up, with the aim of establishing a strategic partnership and becoming a minority shareholder. The funding round is expected to be completed in the coming weeks. As part of the arrangement outlined in a non-binding memorandum of understanding, DEUTZ will supply its drive systems for use in ARX Robotics' unmanned ground vehicles. Additionally, DEUTZ will make its mobile energy infrastructure products and global production network available to ARX Robotics.

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Deutz AG (0E4K)
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