Denmark’s Shape Robotics wins new order in Romania
BUCHAREST (Romania), September 23 (SeeNews) – Denmark’s Shape Robotics said it has received a one-time order of 7 million Danish kroner ($918,250/941,300 euros) for its smart classroom solutions from a partner in Romania.
The order will be partially delivered in September by two local subsidiaries Shape Robotics Romania and Video Technic Systems, the company said in a press release on Thursday, without disclosing the name of its local partner.
“We see the order as strategically important, not only is it a large one-off order, but it also shows the potential when our group companies work closely together, to meet market needs, thus complementing each other in R&D, AV solutions and educational technology,” said Andre Fern, CEO of Shape Robotics.
Shape Robotics’ interest in the Romanian market comes as the country plans to invest approximately €2 billion ($1.95 billion) in digitizing education over the next four years, using EU funds from the Recovery and Resilience (RRP). In addition, the company is exploring opportunities in other EU countries with the same focus on its domestic RRPs, such as Italy, Bulgaria, Greece and Poland. The company also said it has a strong focus on new EU candidates Moldova and Ukraine.
Earlier this month, Shape Robotics completed the acquisition of Romanian technology company Video Technic Systems (VTS) for 9.6 million crowns. After the acquisition, Shape Robotics raised its revenue expectations for this year to 81-93 million kroner from 75-85 million kroner.
In April, Shape Robotics said it signed a deal with local partner KUBO Robots to distribute educational robots to schools in Romania and signed a three-year distribution deal with Romanian IT&C retailer Altex to to robots, printers, virtual reality glasses and educational software. .
Shape Robotics already has an important agreement with several schools in Romania for the supply of the same types of products. In 2022 alone, the company will supply equipment to 100 SmartLabs in Romanian schools with a deal worth 60 million crowns. In November, the Danish company announced that it expected to deliver up to 1,175 SmartLabs to Romania as part of a project worth 420 million crowns that has been included in the EU-funded RRP.
In August 2021, Shape Robotics bought Romanian smart learning company StoryKids, its long-standing partner in the country, for an undisclosed sum.
Shape Robotics has developed Fable, a modular robotic system that helps students build and program their own robots.
(1 Danish crown=0.1345 euros)