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Estun Automation plans to establish a Cloos laser welding and 3D metal printing global R&D center in Nanjing, China, to further develop laser technology.
Estun Automation (002747) acquired Cloos Holding GmbH & Co. KG, a German welding robot manufacturer, for €203.96 million. The deal closed in October 2019, and Estun plans to establish a laser welding and 3D metal printing R&D center in Nanjing.
Estun Automation and China Renaissance Capital Investment (CRCI) acquired Carl Cloos Schweißtechnik GmbH, a German market leader in welding technology and robotics.