Korea Zinc acquires robotics firm ROBOne for $11.15 mn

Panoramic view of Korea Zinc’s Onsan Refinery. [Courtesy of Korea Zinc]

Korea Zinc is set to strengthen its resource recycling business by acquiring South Korean robotics solutions company ROBOne. The company announced plans to invest 15 billion won ($11.15 million) to acquire a majority stake in ROBOne on Monday, securing a 60 percent ownership stake by purchasing newly issued shares.

The investment will be used to fund ROBOne’s research and development (R&D), facility improvements, and equipment upgrades. ROBOne is a leading small-to-medium-sized enterprise in Korea’s robotics sector that specializes in robotic and automation systems.