Samsung Electronics Co., Ltd. acquired additional 4.77% stake in Rainbow Robotics Co.,Ltd. for KRW 27.8 billion.
March 16, 2023
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Samsung Electronics Co., Ltd. (KOSE:A005930) acquired additional 4.77% stake in Rainbow Robotics Co.,Ltd. (KOSDAQ:A277810) for KRW 27.8 billion on March 15, 2023.
Samsung Electronics Co., Ltd. (KOSE:A005930) completed the acquisition of additional 4.77% stake in Rainbow Robotics Co.,Ltd. (KOSDAQ:A277810) on March 15, 2023. Ernst & Young, Korea, Financial Advisory Arm acted as financial advisor and due diligence provider to Samsung Electronics Co., Ltd.
Rainbow Robotics is a Korea-based company mainly engaged in the development and production of robots. The Company mainly develops and manufactures collaborative robots which are used in logistics, testing and inspection, machine tools, and services, among others; humanoid bipedal robots for research; small mounts for education and hobby; medium and large mounts for research, military, and others. In addition, the Company provides robot authentication and other technical services.
RAINBOW ROBOTICS CO.,LTD. 
