SINGAPORE, April 29, 2025 — Primech AI Pte. Ltd. (“Primech AI”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), has announced its entry into the European market. This is made possible through a Memorandum of Understanding (MOU) with TCOrobotics GmbH, which establishes a distribution network for its HYTRON, AI-powered autonomous bathroom cleaning robots in Germany, Austria, and Switzerland (DACH region).
The two-year agreement allows Primech AI to leverage Europe’s expanding service robotics market. The market is currently valued at over €10 billion annually and is expected to reach €20-30 billion by 2030. As European service robot suppliers account for approximately 44% of global providers, this partnership provides Primech AI with access to a leading robotics ecosystem.
Charles Ng, Co-Founder and Chief Operating Officer of Primech AI, stated that Europe presents a significant growth opportunity for Primech AI. He noted that the EU service robotics market is experiencing double-digit annual growth due to labor shortages, technological advancements, and increasing acceptance of automation solutions. He added that the partnership with TCOrobotics provides an immediate market presence in the DACH region, which is known for adopting innovative cleaning technologies and hosting leading robotics companies.
The European market is particularly open to autonomous cleaning solutions, with increased deployment of specialized cleaning robots following the COVID-19 pandemic. The region’s high labor costs, aging workforce, and strict hygiene standards in commercial facilities create favorable conditions for Primech AI’s HYTRON robots, offering cost-effective and consistent cleaning performance.
According to the MOU, TCOrobotics, based in Vaihingen an der Enz, Germany, will manage all aspects of regional distribution. This includes installation, maintenance, technical support, and customer training. The company will collaborate with Primech AI to ensure consistent quality and effective implementation of HYTRON robots at customer sites.
Aleksandar Birmanac, CEO of TCOrobotics GmbH, noted the high demand for advanced cleaning automation in the DACH region. He stated that Primech AI’s HYTRON robots are an ideal solution for facilities managers seeking to address labor shortages while improving cleaning consistency and operational efficiency. He anticipates strong adoption across various commercial settings.
This European expansion marks a significant milestone in Primech AI’s global growth strategy, offering substantial revenue growth potential in a market projected to double in value by 2030. Primech AI’s entry into Europe also benefits from the EU’s supportive policies for robotics innovation while adhering to the region’s regulatory requirements.
The International Federation of Robotics reports that specialized professional service robots for cleaning experienced 12% year-over-year growth globally in 2022. The DACH region has seen increased adoption of cleaning robots in commercial settings since the pandemic, with businesses viewing robot deployment as a practical necessity and a marketing advantage that signals cleanliness and technological sophistication to customers.
About Primech AI
Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit .
About Primech Holdings Limited
Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit .
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
Company Contact:
Email:
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email:
“`