Burnect (CEO Taejin Ha) , a company specializing in industrial AI/DX convergence solutions, announced on the 31st that it had signed a contract to acquire Shinwon Steel, a steel processing specialist, through a public notice on the 30th.
Through this contract, Burnect will acquire a 100% stake in Shinwon Steel for approximately 11.8 billion won.
Burnect described this acquisition as a strategic M&A aimed at accelerating the field testing and commercialization of AI and DX technologies. The company plans to integrate its technological capabilities into manufacturing sites to verify the effectiveness of AI-based smart factories and leverage manufacturing process data to simultaneously expand its market and enhance its products.
The company plans to implement a smart factory by introducing a total solution required for the entire manufacturing process, including factory design, equipment installation, test operation, quality inspection, maintenance, education and training, and safety management. In particular, the company plans to gradually apply Virnect's core solutions, such as ▲digital twin-based factory design and simulation ▲AR remote collaboration ▲AI-based real-time data analysis and anomaly detection ▲image recognition-based defect detection ▲material management ▲XR realistic education and training ▲safety management through AI image analysis, to Shinwon Steel's factories to strengthen quality, productivity, and safety management capabilities.
Burnect plans to utilize the Shinwon Steel plant as both a testbed and an external demonstration base. The goal is to quantitatively demonstrate the performance and effectiveness of its solutions based on on-site data, while enhancing the efficiency of demonstrations and marketing to external customers. Furthermore, leveraging the acquired data, Burnect plans to accelerate the commercialization of next-generation technologies such as spatial intelligence, digital twins, and physical AI (robot-linked intelligence solutions).
A Burnect official said, “This acquisition is not simply a financial investment, but a strategic decision to strengthen technological competitiveness and secure a field-centered verification model.” He added, “In the long term, we will generate profits that exceed the initial investment and grow into a company that leads the digital transformation of K-manufacturing.”
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