CloBot shares are experiencing a surge following news of its acquisition of Doosan Logistics Solutions. The increase in stock price is attributed to expectations of expanded logistics automation and potential synergies.
According to the Korea Exchange, as of 1:56 PM, CloBot's stock rose by 2,450 won (8.06%) to 32,850 won. The stock opened at 34,500 won and briefly climbed to 35,000 won during the trading session.
The rise in stock price is seen as a reaction to the acquisition announcement made after the market closed the previous day. CloBot disclosed that it plans to acquire 100% of Doosan Logistics Solutions for 68.5 billion won, with the acquisition expected to be finalized by September 30.
Founded in 2019, Doosan Logistics Solutions provides hardware and software technologies for managing and controlling the entire logistics process. The company reported sales of 65.78 billion won and an operating profit of 1.1 billion won last year.
CloBot aims to enhance its business portfolio and strengthen its competitiveness in the logistics automation solutions market through this acquisition.
Meanwhile, CloBot, established in 2017, specializes in intelligent cloud robotic services and software. Its key products include the indoor autonomous driving solution 'Chameleon' and the heterogeneous robot integration control solution 'Chromes.'
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.