# 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.

- Type: Acquisition
- Announced: 2019-06-04
- Where: Germany
- Value: $69.3M (62.0M EUR)
- Status: announced
- Products: robotic welding guns, welding equipment
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.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/hagong-intelligent-robot-shares-jump-to-limit-after-it-adjusts-german-buyout), 2019-06-04: "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."

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