# 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.

- Type: Acquisition
- Announced: 2018-10-26
- Where: Germany
- Value: $100.1M (88.0M EUR)
- Status: announced
- Products: robotic welding guns, welding equipment, automation solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hagong Intelligent Robot](https://endata.com/companies/18170.md) (acquirer)
- [Nimak](https://endata.com/companies/19186.md) (target)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-hagong-intelligent-robot-eyes-auto-sector-via-german-acquisition), 2018-10-27: "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."

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