# Hagong Intelligent to acquire NIMAK Group for EUR 88 million

Hagong Intelligent announced a cash acquisition of 100% of NIMAK Group (NIMAK GmbH, NIMAK KG, Nickel GmbH), a German industrial welding equipment provider, for EUR 88.0358 million.

- Type: Acquisition
- Announced: 2018-10-25
- Where: Germany
- Value: $100.0M (88.0M EUR)
- Status: announced
- Products: robot welding guns, robot welders, robot glue applicators
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hagong Intelligent](https://endata.com/companies/18771.md) (acquirer)
- [Nimak](https://endata.com/companies/19186.md) (target)

## Sources

- [elecfans.com](https://www.elecfans.com/d/808537.html), 2018-11-03: "拟以现金方式收购NIMAK GmbH、NIMAK KG、Nickel GmbH(下合称“NIMAK集团”)100%股权，对价8803.58万欧元。"

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