Doosan Robotics Expands Global Presence with Strategic Acquisition
Doosan Robotics Takes Major Steps Forward in AI Solutions
— Acquires 89.59% stake in U.S. automation engineering firm ONExia
— Strengthens future growth engine with AI and humanoid technology and builds an R&D Innovation center
Doosan Robotics is vigorously transforming itself into a leading global provider of intelligent robot solutions. This ambitious endeavor includes a robust growth strategy featuring international acquisitions, recruitment of top-tier talent, and a reorganization to stay ahead in the rapidly evolving Physical AI era.
Strategic Acquisition of ONExia
The company has formalized the acquisition of an 89.59% stake in ONExia, a U.S.-based firm known for its expertise in robotics system integration and automation engineering. Valued at approximately USD 25.9 million, this acquisition positions Doosan Robotics strategically within the automation sector.
Background on ONExia
Founded in 1984, ONExia specializes in providing comprehensive automation services, including system design, manufacturing, and implementation. Its reputation within industries such as manufacturing, logistics, and packaging is backed by its capability to enhance productivity and lower operational expenses.
In recent years, ONExia has shifted its focus towards developing collaborative robotic systems suitable for end-of-line processes such as palletizing, box assembly, and packaging. This has resulted in impressive average annual sales growth of around 30%, highlighting the increasing demand for such solutions.
Enhancing Global Competitiveness
The acquisition is seen as a pivotal move for Doosan Robotics, aimed at bolstering its competitiveness in the intelligent robotics market. This transition reflects a strategic pivot from being hardware-centric to developing a more cohesive platform focused on advanced AI and software solutions.
ONExia contributes a wealth of engineering expertise, industry-specific robotics systems experience, and over 25 years of valuable automation data and project execution knowledge. Leveraging these resources will enhance Doosan Robotics' capabilities in AI and solution development, especially in instances where data-driven intelligence is paramount.
Investing in Future Innovations
Alongside this acquisition, Doosan Robotics is intensifying its focus on internal research and development. The company is finalizing the recruitment of specialized personnel across various fields including robotics R&D, AI, software engineering, quality assurance, and corporate strategy. A significant reorganization of its R&D division is underway, emphasizing AI, software, and humanoid technologies.
Furthermore, a new R&D Innovation Center is on track for completion, designed to foster an environment conducive to groundbreaking development by the end of this year’s third quarter.
CEO's Vision for the Future
In discussing this significant acquisition, CEO Kevin (Minpyo) Kim remarked, 'This acquisition marks an important milestone as we take tangible steps to strengthen our global presence, internalize AI technologies, and develop future-ready solutions. ONExia's expertise and established position in the U.S. market will create powerful synergies.'
He further expressed, 'To position ourselves as a global leader in intelligent robotics and drive the future of Physical AI, we remain committed to investing in R&D, strategic mergers and acquisitions, and attracting top talent.'
Frequently Asked Questions
What is the significance of Doosan Robotics acquiring ONExia?
This acquisition enhances Doosan Robotics' competitive edge in the intelligent robotics market by integrating ONExia's expertise and resources.
How will this acquisition help Doosan Robotics?
It will enable greater innovation in AI and software-based robotics, positioning the company as a leader in the emerging Physical AI era.
What are ONExia's core competencies?
ONExia excels in end-to-end automation services including system integration, manufacturing, and implementation across various industries.
What plans does Doosan Robotics have for R&D investments?
Doosan Robotics intends to recruit specialized talent and restructure its R&D division to focus on AI and humanoid technologies.
When is the new R&D Innovation Center expected to be completed?
The R&D Innovation Center is scheduled to be completed by the third quarter of this year, fostering an environment for cutting-edge development.
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