Doosan Robotics announced on Monday that it will acquire Onexia, a U.S.-based robotics engineering firm, as part of its efforts to strengthen its intelligent robotics solution capabilities.
Doosan Robotics will supply 300 collaborative robots to the Thai robot system integrator VRNJ as part of its efforts to expand into the Southeast Asian market.
Opposition from both shareholders and financial authorities compelled Doosan Group to scrap its stock swap between Bobcat and Robotics.
Doosan Group's proposed merger continues to face mounting uncertainties with share prices plunging on the stock market and financial authorities intensifying scrutiny on the company.
Doosan Robotics is set to supply chicken frying robots to Kyochon F&B for the automation of the cooking process and increased efficiency and safety.
Doosan Robotics' shares nearly doubled on its first day as a public company, but fell short of expectations for the largest IPO in Korea this year.
As of 1 p.m. Thursday, the robot supplier is trading at 50,600 won ($37.6) after peaking at 67,600 won earlier that day.
Doosan Robotics has attracted strong interest from major investors for its upcoming IPO, including sovereign wealth funds. The offering price has been set at the upper end of the suggested price band.
Doosan Robotics, Korea’s largest collaborative robot supplier, is set to open a subscription for its initial public offering (IPO) shares.
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