◂ Announcements

Oct 1, 2017ACQUISITIONMichigan, United States

Chongqing Nanshang acquires HTI Cybernetics for $50M

Chongqing Nanshang Investment (Group) Co acquired a 100% stake in HTI Cybernetics Inc, a US provider of integrated manufacturing solutions and robotic welding systems, for nearly $50 million. The deal closed on October 3, 2017.

Value

$50.0M

Status

Completed

Productsintegrated manufacturing solutionsrobotic welding systems

CompaniesChongqing Nanshang Investment (Group) Co acquirer HTI Cybernetics Inc target

Sectors#Automation and Robotics

“Upon the completion of the deal on October 3, Nanshang obtained a 100 percent stake in HTI for nearly $50 million.”ecns.cn

2 sources
ecns.cnThe rise of the robot industry in China sparks investment boomOct 20, 2017
therobotreport.comAnother two Chinese acquisitions of international robotics companies - The Robot ReportFrank TobeNov 15, 2017

Summarized from public sources; check the original articles before acting on it.

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