# CKD and TOYO AUTOMATION to jointly develop electric actuators

CKD Corporation entered into a joint development agreement with TOYO AUTOMATION CO., LTD. for motor-integrated electric actuators, and will invest approximately 500 million yen to acquire a 10% stake in TOYO. New products are expected in spring 2018.

- Type: Partnership
- Announced: 2017-12-01
- Where: Tainan City, Taiwan, TWN
- Value: $4.40M (500.0M JPY)
- Status: announced
- Products: motor-integrated electric actuators
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [CKD Group](https://endata.com/companies/6352.md)
- [TOYO AUTOMATION CO., LTD.](https://endata.com/companies/17959.md) (partner)

## Sources

- [ckd.co.jp](https://www.ckd.co.jp/en/uncat/4061/), 2017-12-01: "We will jointly develop electric components utilizing the strengths of both companies to enhance our product lineup."

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