# LS Electric acquires 80% stake in logistics automation firm Korea E&M

LS Electric acquired an 80% stake in Korea E&M, a logistics automation company specializing in stacker cranes, to expand into smart logistics solutions. The deal was signed on July 29, 2024.

- Type: Acquisition
- Announced: 2024-07-29
- Where: Seoul, South Korea, South Korea
- Status: completed
- Products: stacker cranes, logistics automation systems
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [LS Electric](https://endata.com/companies/15629.md) (acquirer)
- [Korea E&M](https://endata.com/companies/78934.md) (target)

## Sources

- [haesanews.com](http://www.haesanews.com/news/articleView.html?idxno=122452), 2024-07-31: "LS일렉트릭은 지난 7월 29일 LS용산타워에서 물류자동화 전문기업인 한국이엔엠㈜(이하 ‘한국E&M’) 지분 80%를 인수하는 계약을 체결, 경영권을 확보하고 물류 시스템 분야로 사업 포트폴리오를 확대한다고 밝혔다."

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