German Firm Buys Singapore's Infinium Robotics for RM95.6mil

German-listed Deutsche Defence Beteiligungen AG (DDB) has acquired the entire 2.39 million-share stake in Infinium Robotics Pte Ltd in a recently completed transaction valued at up to 20.5 million euros (about RM95.6 million).

Infinium is a Singapore-founded logistics technology company with deployments supporting Malaysian warehouse and logistics operations.

In a statement, Infinium said the transaction was completed through the issuance of up to 20.54 million new DDB AG shares at 1.00 euro per share.

Infinium chief executive officer Jon Woon said the transaction marked a significant step in the company's international expansion and would support further growth in Malaysia and other markets through greater European exposure and access to a listed platform.

The statement said that Infinium specialises in artificial intelligence (AI)-driven autonomous drone systems designed to automate warehouse inventory processes, a critical but traditionally manual function in supply chains.

In Malaysia, Infinium's solutions have been deployed in warehouses operated by telecommunications companies and global logistics providers, with deployments across key sites including Shah Alam, Subang Jaya and Penang.

Source www.nst.com.my