Yaskawa Electric : to Acquire Additional Shares of Doolim- Co., Ltd. a Korean Robotic Painting and Sealing System Integrator
January 19, 2022 at 03:22 am EST
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Yaskawa to Acquire Additional Shares of Doolim-Yaskawa Co., Ltd. a Korean Robotic Painting and Sealing System Integrator
NewsJan 19, 2022
Yaskawa Electric Corporation ("Yaskawa Electric" Representative Director, President: Hiroshi Ogasawara) announces that on January 19, 2022, it acquired additional shares of Doolim-Yaskawa Co., Ltd. ("Doolim-Yaskawa" CEO: Park Sang-Beak), a Korean robotic painting and sealing system integrator through Yaskawa Electric Korea Corporation ("Yaskawa Korea" representative director: Albert Shiina), a consolidated subsidiary of Yaskawa Electric.
1. Reason for additional acquisition
In 2016, Yaskawa Korea acquired a share of Doolim Robotics, one of Korea's leading manufacturers of painting and sealing robot systems. As a result of this acquisition, Yaskawa Electric and Yaskawa Korea have been working to establish a business in the robotic painting and sealing system market by leveraging synergies with Doolim-Yaskawa. We have achieved a certain level of results so far, and in anticipation of further achievements, we have acquired additional shares.
2. Corporate Profile of Yaskawa Korea
(1) Corporation name
Yaskawa Electric Korea Corporation
(2) Head Office
18th floor KTB Bldg, 66, Yeoui-daero,
Yeongdeungpo-gu, Seoul, Republic of Korea
(3) Management
Chairman of the board: Akinori Urakawa
Representative director: Albert Shiina
(4) Business Contents
Sales of electrical machine, device and others
(5) Capital
47.6 billion won (as of February 2021)
(6) Net Sales
218 billion won (as of February 2021)
(7) Founded
October 1994
3. Corporate profile of Doolim-Yaskawa
(1) Corporate name
Doolim-Yaskawa Co., Ltd.
(2) Head office
8th floor, 112, LS-ro, Dongan-gu, Anyang-si,
Gyeonggi-do, Repblic of Korea
(3) Management
CEO: Park Sang-Beak
(4) Business contents
Designing, manufacturing and sales of robotic painting/sealing systems
(5) Capital
632 million won (as of December 2020)
(6) Net sales
87.2 billion won (as of December 2020)
(7) Founded
February 1993
For inquires, contact:
Corporate Communications Div.
YASKAWA Electric Corporation
E-mail: pr@yaskawa.co.jp
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Yaskawa Electric Corporation published this content on 19 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2022 08:21:01 UTC.
Yaskawa Electric Corporation specializes in developing, manufacturing and marketing mechatrocin systems. The group also provides installation and maintenance services. Net sales break down by family of products as follows:
- industrial machines motion control systems (45.2%);
- industrial robots (35.8%);
- power control and monitoring systems (13%): primarily for the iron and steel, power generation and drinkable water supply sectors;
- other (6%): computing systems (software and computer peripherals).
Net sales break down geographically as follows: Japan (34.9%), China (25.1%), Asia (10.7%), Americas (15.1%), Europe (14.1%) and other (0.1%).