# Hagong Intelligent revises acquisition of NIMAK, price set at EUR 64.5M

Hagong Intelligent revised its acquisition of German automation company NIMAK, changing the share purchase price to 64.4833 million euros and extending the closing deadline to November 30, 2019, due to difficulties in meeting original conditions.

- Type: Acquisition
- Announced: 2019-06-04
- Where: Germany
- Value: $72.2M (64.5M EUR)
- Status: announced
- Products: robot welding guns, robot welders, robot glue applicators
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hagong Intelligent](https://endata.com/companies/18771.md) (acquirer)
- [Nimak](https://endata.com/companies/19186.md) (target)
- [Nickel GmbH](https://endata.com/companies/39825.md) (target)

## Sources

- [zqrb.cn](http://www.zqrb.cn/gscy/gongsi/2019-06-05/A1559733668734.html), 2019-06-05: "由于跨境并购的复杂性，交易各方预计无法在原定计划期限内即2019年5月31日前达成相关交割条件。"

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