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HTI Cybernetics, a North American provider of customized manufacturing automation solutions for the automotive industry, has been acquired by NanSun Technology Holding, Inc., a subsidiary of Chongqing NanSun Automation Technology Co., Ltd.
Chongqing Nanshang Investment (Group) Co acquired a 100% stake in HTI Cybernetics Inc, a US provider of integrated manufacturing solutions and robotic welding systems, for nearly $50 million. The deal closed on October 3, 2017.