HiVision Systems (CEO Choi Doo-won) announced on the 21st through a public disclosure that it will establish a strategic partnership by exchanging treasury stocks with global integrated logistics company Sebang . The two companies will exchange treasury stocks worth approximately 4.5 billion won each and plan to expand the scope of business cooperation in the future.
This equity swap is a measure to further strengthen the cooperative relationship between the two companies, and its main purpose is to expand joint business, especially in the secondary battery and logistics business sectors. Since establishing the secondary battery business sector in 2021, HiVision Systems has continued its cooperative relationship by signing a supply contract with Sebang Lithium Battery, an affiliate of Sebang Group, since 2022.
In addition, following the development and receipt of an order for a secondary battery auxiliary battery production line (P-LBM) in 2022, the company will begin supplying secondary battery module production lines (BMA: Battery Module Assembly) in earnest starting in 2023, and has received orders for a total of three lines to date.
In the future, the two companies plan to expand the scope of their business cooperation beyond secondary batteries to the integrated logistics sector. Sebang plans to build an integrated logistics and facility solution based on its heavy-duty transport capabilities, including special purpose heavy-duty transport equipment (SPMT), global port and warehouse network, and experience in hazardous materials and battery logistics management. HiVision Systems will pursue technological differentiation in the inspection and transport process by utilizing high-speed motion control technology and deep learning-based vision algorithms, and will present a ‘logistics-inspection one-stop solution.’
HiVision Systems CEO Choi Doo-won said, “I think it is meaningful that through this exchange, we have expanded our cooperative relationship from secondary battery production facilities to the comprehensive logistics sector,” and added, “We will maximize synergy by combining the technologies and capabilities of both companies.”
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