Hagong Intelligent Robot Wins Bid for Nimak

Posted on 10/29/2018

Jiangsu Hagong Intelligent Robot Co., Ltd., a listed Chinese company, won a bid to acquire 100% ownership of Germany-based Nimak GmbH, a producer of robotic welding guns. Hagong Intelligent Robot will acquire Nimak for 88 million EUR. The transaction requires approval from both Chinese and German regulatory authorities. Nimak provides products for auto industry giants […]