Estun completes RMB487.1M acquisition of Estun CoDroid
Estun completed its cash acquisition of Estun CoDroid, making the cobot and embodied-robot developer an indirect wholly owned subsidiary.
Evidence notes
- The RMB487.1 million transaction completed on September 2 and was disclosed on September 7.
- Estun now indirectly holds 100% of Estun CoDroid, whose results are consolidated into the group accounts.
- Estun CoDroid develops 3-35 kg collaborative robots, embodied-intelligence robots and core robot components.
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.