# 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.

- Type: Acquisition
- Announced: 2026-08-21
- Where: South Korea
- Value: $18.3M (24.5B KRW)
- Status: announced
- Products: cosmetics filling and packaging automation equipment, secondary battery equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [APS Innovation](https://endata.com/companies/93704.md) (acquirer)
- [Irae](https://endata.com/companies/93705.md) (target)
- [Irae Engineering](https://endata.com/companies/93706.md) (target)
- [Gloco](https://endata.com/companies/93707.md) (target)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2026082108262317026), 2026-08-20: "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."

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