# Maxrotec to acquire 51% stake in Naver System for 15 billion won

Maxrotec, an industrial robot and factory automation equipment company, signed a strategic investment agreement to acquire a 51% stake in IT service company Naver System for 15 billion won, becoming the largest shareholder.

- Type: Acquisition
- Announced: 2020-04-02
- Where: South Korea
- Value: $12.5M (15.0B KRW)
- Status: announced
- Products: smart factory solutions, big data systems, autonomous driving infrastructure
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Maxrotec](https://endata.com/companies/46292.md) (acquirer)
- [Naver System](https://endata.com/companies/46293.md) (target)

## Sources

- [biz.heraldcorp.com](https://biz.heraldcorp.com/article/2274717), 2020-04-02: "We will create new growth engines and expand business as a representative strong small and medium enterprise with information technology actually applied in the industrial field."

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