# NEOOTO to make Auto Industry a wholly owned subsidiary via share exchange

NEOOTO's board approved a comprehensive share exchange agreement to make affiliate Auto Industry a wholly owned subsidiary. The transaction aims to unify the value chain and create synergies in forging, turning, and ultra-precision gear cutting.

- Type: Acquisition
- Announced: 2026-09-07
- Where: South Korea
- Status: announced
- Products: forging and turning parts, ultra-precision gear cutting, EV reduction gears, robot reduction gear components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [NEOOTO](https://endata.com/companies/93921.md) (acquirer)
- [Auto Industry](https://endata.com/companies/93922.md) (target)

## Sources

- [globalnewstop.com](https://www.globalnewstop.com/news/articleView.html?idxno=4746), 2026-09-07: "The comprehensive share exchange is being pursued to unify the value chain, create business synergies based on vertical integration, and increase both corporate value and shareholder value."

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