Several established industrial groups are interested in acquiring German defense startup Arx Robotics

en.Wedoany.com Reported - German defense startup Arx Robotics has recently attracted attention from numerous potential buyers, with market valuations reaching up to nearly 1 billion euros. Founded in 2021 and headquartered in Munich, the company was co-founded by former German Bundeswehr officers. It primarily develops and sells autonomous unmanned vehicle platforms called "Gereon," along with an AI operating system named "Mithra."

The list of potential buyers is "quite extensive," including German defense company Rheinmetall, Italian defense group Leonardo, Czech industrial group CSG, as well as several defense startups, venture capital firms, and private equity funds. Rheinmetall has explicitly denied any acquisition interest, stating it has never made any form of acquisition offer. According to insiders, the valuation range in potential transaction discussions is roughly between 400 million and nearly 1 billion euros. The company has raised approximately 42 million euros in total funding, with investors including Project A, HV Capital, the NATO Innovation Fund (NIF), and German engine manufacturer Deutz. Company CEO Marc Wietfeld stated that the company's current operating revenue exceeds its total funding raised.

Arx has established partnerships with German drivetrain manufacturer Renk and Daimler Truck. Currently, six European countries' militaries, including the German Bundeswehr, the Ukrainian military, and the British Army, have become customers of Arx.

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