# Estun Automation to acquire German welding robot maker Cloos

Nanjing Estun Automation announced it will invest 283 million yuan (part of a total 551 million yuan) to acquire 100% of German welding robot manufacturer Carl Cloos Schweißtechnik GmbH for 196 million euros through a joint venture with its controlling shareholder.

- Type: Acquisition
- Announced: 2019-08-25
- Where: Germany
- Value: $217.0M (196.0M EUR)
- Status: announced
- Products: welding robots
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Nanjing Estun Automation Co., Ltd.](https://endata.com/companies/16722.md) (acquirer)
- [Carl Cloos Schweißtechnik GmbH](https://endata.com/companies/41027.md) (target)
- [Nanjing Pairester Technology](https://endata.com/companies/41616.md) (investor)

## Sources

- [yzweekly.com](http://www.yzweekly.com/jxsb/jiqiren/3642.htm), 2019-08-27: "本次收购将为公司占领机器人产业细分行业高点，获得国际一流焊接机器人顶尖技术，巩固机器人国产领先品牌市场地位奠定坚实基础。"

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