Hagong Intelligent Robot selected as winning bidder to acquire German Nimak for EUR88 million

Hagong Intelligent Robot was selected as the winning bidder to acquire all equity in German firm Nimak, a producer of robotic welding guns, for EUR88 million ($100.1 million). The deal requires regulatory approvals from Germany and China.

“Hagong will pay EUR88 million (USD100.1 million) to acquire all equity in Nimak, the Jiangsu-based firm said in a statement, adding that deal requires approvals from both German and Chinese regulators.”yicaiglobal.com

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• yicaiglobal.comChina's Hagong Intelligent Robot Eyes Auto Sector Via German AcquisitionTang ShihuaOct 27, 2018

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