Hagong Intelligent to acquire Nimak for EUR 62 million

Hagong Intelligent Robot will acquire German robotic welding gun maker Nimak for EUR 62 million plus EUR 3 million interest, down from the original EUR 88 million bid.

“Hagong Intelligent will develop a systematic industrial chain incorporating welding equipment for smart robots with a one-stop platform for automation solutions and automated welding production lines following the takeover.”yicaiglobal.com

• 1 source
• yicaiglobal.comHagong Intelligent Robot Soars After Firm Says It Will Pay Less for Germany's NimakTang ShihuaJun 4, 2019

Summarized from public sources; check the original articles before acting on it.