Yushin Precision Equipment : Notice Concerning Completion of Acquisition of Shares of WEMO Automation AB (to Make It a Subsidiary)
May 30, 2023 at 02:38 pm IST
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May 30, 2023
YUSHIN PRECISION EQUIPMENT CO., LTD. (TSE Prime: 6482) Representative: Takayo Kotani, Representative Director and President Inquiries: Kota Oda, Director and Executive Vice President, General Manager of Admin. Div.
Tel: +81-75-933-3633
Notice Concerning Completion of Acquisition of Shares of WEMO Automation AB
(to Make It a Subsidiary)
YUSHIN PRECISION EQUIPMENT CO., LTD. (the "Company") resolved to acquire 100% of the shares of WEMO Automation AB ("WEMO") to make it a subsidiary at the Board of Directors meeting held on May 16, 2023. The Company received all the shares from HAHN Group GmbH today in accordance with the share transfer agreement entered into at the time of the resolution to make WEMO a subsidiary.
Through the acquisition of WEMO, the Company will enhance the Company group's brand value and increase its market share in the European region, and generate synergies by mutually utilising the technological and procurement capabilities of the two companies.
Yushin Precision Equipment Co. Ltd. published this content on 30 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2023 09:07:06 UTC.
YUSHIN PRECISION EQUIPMENT CO.,LTD. is a Japan-based company engaged in the development, manufacture and sale of take-out robots, other industrial equipment and systems for automating and streamlining operation of plastic injection molding plants. The Company operates through four geographic segments including Japan, the United States, Asia and Europe. The Company is mainly engaged in development, manufacture and sale of peripheral equipment including take-out robots for picking molded products from injection molding machines and labor saving systems, as well as the provision of after-sales service. The Company's main products are take-out robots for injection-molded plastic products, automated stock systems and labor-saving automation equipment, among others.
YUSHIN PRECISION EQUIPMENT CO., LTD. 