# Greatech Technology signs MoU to acquire 60% of Kaon Automation

Greatech Technology Bhd has entered into a memorandum of understanding to acquire a 60% equity interest in Kaon Automation Ltd, an Irish automation solutions provider. The deal is part of Greatech's strategic plan to widen its product and service offerings.

- Type: Acquisition
- Announced: 2022-08-11
- Where: Ireland
- Status: announced
- Products: automation solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Greatech Technology Bhd](https://endata.com/companies/58857.md) (acquirer)
- [Kaon Automation Ltd](https://endata.com/companies/64689.md) (target)

## Sources

- [thestar.com.my](https://www.thestar.com.my/business/business-news/2022/08/11/greatech-signs-mou-for-60-acquisition-of-automation-provider), 2022-08-11: "With the combined solid expertise from Kaon Automation and Greatech, this will leverage the strengths of the two companies both in the business aspect as well as in the internal cohesiveness environment."

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