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Hagong Intelligent Robot was selected as the winning bidder to acquire all equity in German firm Nimak, a producer of robotic welding guns, for EUR88 million ($100.1 million). The deal requires regulatory approvals from Germany and China.
Hagong Intelligent announced a cash acquisition of 100% of NIMAK Group (NIMAK GmbH, NIMAK KG, Nickel GmbH), a German industrial welding equipment provider, for EUR 88.0358 million.