# Hagong Intelligent to acquire Ruifu Electromechanical for CNY 566 million

Hagong Intelligent (哈工智能) announced it will acquire 100% of Zhejiang Ruifu Electromechanical (瑞弗机电) for CNY 566 million, paid 70% in shares and 30% in cash. Ruifu specializes in automotive body-in-white welding automation equipment.

- Type: Acquisition
- Announced: 2018-06-28
- Where: China
- Value: $85.0M (566.0M CNY)
- Status: announced
- Products: automotive body-in-white welding automation equipment
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hagong Intelligent](https://endata.com/companies/18771.md) (acquirer)
- [Zhejiang Ruifu Electromechanical](https://endata.com/companies/18772.md) (target)

## Sources

- [cs.com.cn](https://www.cs.com.cn/ssgs/gsxw/201806/t20180628_5830875.html), 2018-06-28: "通过收购瑞弗机电，公司将进一步加深在焊装业务领域的技术及人才储备，并与上市公司现有研发体系、客户体系形成良好的互补。"

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