# Hagong Intelligent subsidiary to acquire Ruifu Electromechanical for $82.5M

Zhejiang Hagong Robot Co., a subsidiary of Hagong Intelligent, will acquire 100% of Zhejiang Ruifu Electromechanical Co. for 566 million yuan ($82.5 million). The deal is structured as a cash acquisition.

- Type: Acquisition
- Announced: 2018-09-13
- Where: China
- Value: $82.5M (566.0M CNY)
- Status: announced
- Products: white body welding automation equipment, automotive welding systems
- 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) (partner)
- [Zhejiang Ruifu Electromechanical](https://endata.com/companies/18772.md) (target)
- [Zhejiang Hagong Robot](https://endata.com/companies/19040.md) (acquirer)

## Sources

- [cs.com.cn](https://www.cs.com.cn/ssgs/gsxw/201809/t20180913_5872345.html), 2018-09-13: "哈工智能子公司拟5.66亿元收购瑞弗机电100%股权"

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