Estun plans cash acquisition of Estun Codroid
Estun Automation disclosed that subsidiaries intend to acquire Nanjing Estun Codroid Technology for cash consideration.
Evidence notes
- The planned cash transaction would give Estun indirect 100 percent ownership of Estun Codroid.
- Estun Codroid develops collaborative and humanoid robots within the Estun group.
Company context
Estun Automation is a Chinese industrial automation and robotics company spanning motion control, industrial robots and digital manufacturing. Its robotics business includes articulated robots, collaborative robots, workstations and automation systems.