# APS acquires transformer equipment maker UPI for 18 billion won

APS will acquire 100% of UPI, a manufacturer of automation equipment for transformer production, for 18 billion won in cash. The transaction is scheduled to close on July 31.

- Type: Acquisition
- Announced: 2026-07-07
- Where: South Korea
- Status: announced
- Products: transformer manufacturing automation equipment, CTL machines, coil winding machines, E-stacking robot systems, slitting machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [APS Holdings](https://endata.com/companies/5375.md) (acquirer)
- [UPI](https://endata.com/companies/92918.md) (target)

## Sources

- [thelec.net](https://www.thelec.net/news/articleView.html?idxno=12055), 2026-07-07: "UPI is South Korea's only specialized supplier of core equipment for transformer manufacturing."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.