In This Article:
* Circus to acquire the German robotics and AI-software player in the retail and mobility sector by way of a capital increase in kind
* The transaction will fully integrate Campo’s AI-based software platform into the Circus technology solutions and further enhance its AI and automation capabilities
* Campo Group’s Managing Director, Carlo Caldi, former Executive Board Member of mobility retail leader Tank & Rast, will join the Circus Management team as part of the planned acquisition
HAMBURG, Germany, November 20, 2024--(BUSINESS WIRE)--Circus (Xetra: CA1), a leading technology company in AI and autonomous robotics for the food service sector, today announces the signing of a term sheet for the acquisition of Campo Group, a German AI company specializing in software, robotics integrations and AI-based infrastructure solutions for fully autonomous solutions in the mobility and retail sector. This planned acquisition aims to further extend Circus’s AI and automation capabilities by fully integrating the Campo technology into Circus AI-based operating system.
Campo Group has developed an AI-based cloud platform that serves as powerful middleware, integrating a range of autonomous technologies to enable fully unmanned retail services. Successfully deployed by major clients, this all-in-one solution combines AI software and industrial robotics integration to deliver end-to-end automation across diverse applications, allowing to seamlessly integrate the Circus CA-1 meal production robot into the system.
"Campo’s AI-software platform is a powerful addition to our vision of full autonomy in service operations and will seamlessly integrate with our systems CA-1 and CircusAI", said Nikolas Bullwinkel, CEO and Founder of Circus and added: "Campo brings valuable industry expertise in the retail and food service sector to Circus, supporting our vision of AI-enabled autonomy in food service."
The Managing Directors and founders of the Campo Group, Carlo Caldi and Maximilian Grönemeyer, see the acquisition as an important milestone. Carlo Caldi, commented on the planned acquisition: "Joining forces with Circus will be an incredible opportunity for Campo to expand our AI-software platform into new verticals within the food service industry. With over a decade of experience in this sector, I am a strong believer in the power of AI and robotics to automate complex service operations and significantly enhance customer experience. We look forward to combining our capabilities to jointly shape a new era of autonomy."