Manho Rope & Wire is acquiring robot hardware and ultra-precision machining company MH Dynamics to make a full-fledged entry into the robot industry.
On the 9th, Manho Rope & Wire disclosed that it purchased 100% equity in MH Dynamics (35,000 shares) for 20 billion won.
MH Dynamics is a mobility parts specialist based on precision machining. The company has a portfolio of drivetrain parts such as constant velocity joints and half-shafts, as well as electric vehicle (EV) parts such as EV battery frames.
With this acquisition, Manho Rope & Wire plans to become an integrated robot solutions corporations by combining its existing wire and cable manufacturing capabilities, the robot electronics (Software) technology of subsidiary MN Systems, and the robot hardware (Hardware) of MH Dynamics.