Now Robotics Signs Agreement to Acquire Hanyang Robotics

Now Robotics , a company specializing in intelligent robots, announced on the 14th through a public disclosure that it had signed a stock purchase agreement related to the acquisition of shares in Hanyang Robotics, a company specializing in robots and automation.

This equity acquisition represents a 99.96% stake, excluding treasury stock, on a diluted basis, and is valued at approximately 7.5 billion won. Now Robotics explained that this agreement is part of a strategic acquisition aimed at strengthening the competitiveness of its overall robotics business and executing its mid- to long-term growth strategy.

Through this acquisition, Now Robotics secures the business foundation of Hanyang Robotics, which generates approximately 20 billion won in annual sales. This acquisition is considered a turning point for Now Robotics, enabling it to simultaneously pursue business expansion and external growth.

Founded in 1997, Hanyang Robotics boasts nearly 30 years of experience and boasts approximately 3,000 domestic and international clients, including Samsung Electronics, LG Electronics, Hyundai Mobis, Kia, and POSCO. Through this acquisition, Hanyang Robotics' accumulated manufacturing infrastructure and technological expertise in takeout robots and industrial automation will be combined with Now Robotics' robotics technology.

With this acquisition, Now Robotics has secured a large, ready-to-use production facility measuring approximately 5,000 pyeong (approximately 16,000 square meters). Together with a second factory currently under construction, Now Robotics has established a production system capable of responding to the growing global demand for robots and large-scale project orders. This will allow Now Robotics to expand mass production of industrial and logistics robots, as well as flexibly establish a production line for its currently-developed industrial humanoid robots.

Furthermore, Hanyang Robotics plans to strategically utilize its key overseas bases in the United States, Mexico, and Southeast Asia to strengthen its global customer response capabilities and establish a foundation for expanding into overseas markets.

The industry believes that this transaction will relatively reduce the burden that may arise during the integration process and increase the possibility of early synergy creation, as the acquiring company's representative has a high level of understanding of the target company's organizational culture and internal structure.

Going forward, NowRobotics plans to increase efficiency across production, sales, technology, and operations through phased mergers and organizational integration following the completion of the acquisition process, and to accelerate sales expansion and growth based on its integrated business portfolio.

Now Robotics announced its strategy to use this acquisition to strengthen its position in the domestic industrial robot market, including retrieval robots, and to leap forward as a global robotics company based on its business portfolio encompassing multi-joint and SCARA robots, AMRs, and humanoid robots.

A company official stated that this acquisition is a strategic decision to respond to the structural growth phase of the robotics industry rather than a short-term external expansion, and that the two companies will focus on sustainable growth and enhancing corporate value by combining their technological prowess and business foundations.

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