Circus SE has finalised its full acquisition of Alberts, a Belgian food robotics company, strengthening its technological footprint in the autonomous food service sector. This development builds upon the initial disclosure made by the company on 16 April 2026.
The acquisition allows Circus SE to integrate Alberts' portfolio of robotic systems, intellectual property, and established commercial operations into its existing business.
By securing these assets, the group aims to bolster its range of fully autonomous sustainment systems and expand its presence across multiple European markets.
Transaction Terms
As consideration for the acquisition, Circus SE will issue 1,200,000 new shares. These shares are subject to a 26-month lock-up period ending in September 2028, aligning with existing agreements held by Circus's management, founder and CEO Nikolas Bullwinkel, and core shareholders.
Beyond the share issue, the deal includes a cash component of EUR 350,000, payable upon the achievement of predefined milestones. Furthermore, a performance-based earn-out mechanism has been established, tied to new Alberts system sales and deployments over a 24-month period following the transaction's close.
Leadership and Integration
The founding management team from Alberts will continue to hold active operational roles within the business. Additionally, Chris de Wolf, previously an anchor shareholder at Alberts, has joined the Circus SE Board of Advisors to provide strategic guidance.
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