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~ Doosan Robotics, a leading intelligent robot solutions provider, is making significant strides in its transformation into a global player. The company has recently announced its acquisition of an 89.59% stake in ONExia, a U.S.-based automation engineering firm. This move is part of Doosan Robotics' multifaceted growth strategy, which includes international acquisitions, expert recruitment, and organizational realignment.
The decision to acquire ONExia was approved by Doosan Robotics' board of directors on July 28. The deal, valued at approximately USD 25.9 million (KRW 35.6 billion), was formalized through a stock purchase agreement and participation in a capital increase. ONExia, founded in 1984, specializes in providing end-to-end automation services for various industries such as manufacturing, logistics, and packaging. With a strong presence in the North American market, the company has achieved consistent annual sales growth of around 30%.
One of the key reasons behind this acquisition is Doosan Robotics' desire to enhance its global competitiveness in the intelligent robotics market. By shifting from a hardware-focused business model to a more integrated platform centered on AI and software-based solutions, the company aims to lead the emerging Physical AI era.
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ONExia brings valuable assets to the table with its advanced engineering capabilities and experience in developing industry-specific robotics systems. Additionally, the company has accumulated 25 years of automation data and project execution know-how that will directly contribute to Doosan Robotics' AI capabilities and solution development.
In addition to this acquisition, Doosan Robotics is also investing heavily in internal R&D efforts. The company is currently recruiting specialized talent across various fields such as robotics R&D, AI, software development, quality assurance, and corporate strategy. It is also undergoing a structural reorganization of its R&D division to focus more on AI, software, and humanoid technologies. Furthermore, a new R&D Innovation Center is set to be completed in the third quarter of this year, providing an optimal development environment for the company.
Kevin (Minpyo) Kim, CEO of Doosan Robotics, expressed his excitement about this acquisition, stating that it marks an important milestone in the company's journey towards strengthening its global presence and internalizing AI technologies. He also emphasized their commitment to investing in R&D, strategic M&A, and talent to position themselves as a global leader in intelligent robotics and drive the future of Physical AI.
With this acquisition and other growth initiatives, Doosan Robotics is well on its way to becoming a dominant player in the intelligent robotics market. As they continue to expand their capabilities and expertise, they are poised to lead the way in the emerging Physical AI era.
The decision to acquire ONExia was approved by Doosan Robotics' board of directors on July 28. The deal, valued at approximately USD 25.9 million (KRW 35.6 billion), was formalized through a stock purchase agreement and participation in a capital increase. ONExia, founded in 1984, specializes in providing end-to-end automation services for various industries such as manufacturing, logistics, and packaging. With a strong presence in the North American market, the company has achieved consistent annual sales growth of around 30%.
One of the key reasons behind this acquisition is Doosan Robotics' desire to enhance its global competitiveness in the intelligent robotics market. By shifting from a hardware-focused business model to a more integrated platform centered on AI and software-based solutions, the company aims to lead the emerging Physical AI era.
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ONExia brings valuable assets to the table with its advanced engineering capabilities and experience in developing industry-specific robotics systems. Additionally, the company has accumulated 25 years of automation data and project execution know-how that will directly contribute to Doosan Robotics' AI capabilities and solution development.
In addition to this acquisition, Doosan Robotics is also investing heavily in internal R&D efforts. The company is currently recruiting specialized talent across various fields such as robotics R&D, AI, software development, quality assurance, and corporate strategy. It is also undergoing a structural reorganization of its R&D division to focus more on AI, software, and humanoid technologies. Furthermore, a new R&D Innovation Center is set to be completed in the third quarter of this year, providing an optimal development environment for the company.
Kevin (Minpyo) Kim, CEO of Doosan Robotics, expressed his excitement about this acquisition, stating that it marks an important milestone in the company's journey towards strengthening its global presence and internalizing AI technologies. He also emphasized their commitment to investing in R&D, strategic M&A, and talent to position themselves as a global leader in intelligent robotics and drive the future of Physical AI.
With this acquisition and other growth initiatives, Doosan Robotics is well on its way to becoming a dominant player in the intelligent robotics market. As they continue to expand their capabilities and expertise, they are poised to lead the way in the emerging Physical AI era.
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