# Mobis to merge with smart factory platform specialist JAR Systems

Mobis announced it will merge with JAR Systems, a smart factory platform specialist, for a consideration of 2 billion KRW. The merger is aimed at entering new businesses and improving profitability.

- Type: Acquisition
- Announced: 2022-01-20
- Where: South Korea
- Value: $1.68M (2.00B KRW)
- Status: announced
- Products: smart factory platform, MES solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Mobis](https://endata.com/companies/60477.md) (acquirer)
- [JAR Systems](https://endata.com/companies/60478.md) (target)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2022012015252452058), 2022-01-20: "The merger is to enter new businesses through the acquisition of a smart platform specialist company, expand sales, and enhance corporate value by improving the profit and loss structure."

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