APS Innovation acquires 100% stake in Irae for 24.5 billion won to enter cosmetics automation equipment market

APS Innovation, a KOSDAQ-listed secondary battery equipment manufacturer, acquired 100% of Irae (post-merger with Gloco) and the business division of Irae Engineering for a total of 24.5 billion won. The deal was facilitated by the Korea Technology Finance Corporation's M&A platform and InterCapital Partners.

“APS Innovation will acquire 100% of the post-merger surviving entity Irae, as well as the business division of Irae Engineering, for a total of 24.5 billion won.”asiae.co.kr

• 1 source
• asiae.co.krKibo M&A Platform Facilitates 24.5 Billion Won Deal: "A Result of Public-Private Cooperation" - The Asia Business DailyLee SeoheeAug 20, 2026

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