Samsung C&T completes KRW15B mixed share investment in RoboCon

Sep 26, 2023 · Funding · RoboCon · Construction

Samsung C&T committed KRW15 billion to a mixed primary-and-secondary RoboCon share transaction; KRW4 billion funded newly issued shares and KRW11 billion purchased existing shares.

RoboCon received a 15 billion won investment from Samsung C&T to expand construction robotics for rebar pre-assembly and mobile plant automation.

RoboCon company media
Company media · RoboCon
  • Samsung C&T committed KRW15 billion through a Samsung Venture Investment fund.
  • KRW11 billion bought shares from an existing investor, while KRW4 billion purchased newly issued RoboCon shares.
  • The transaction was designed to make the Samsung-backed fund RoboCon's largest shareholder.

Develops robotic automation and smart-factory systems for construction and steel-processing workflows, with a particular focus on rebar production lines. Its ARON platform automates rebar transport, cutting, bending, loading, packing, and shipment for construction and steel customers.