A Chinese company called Huachangda Intelligent Equipment Group has agreed a deal to become the majority shareholder in Robot System Products.
RSP is a Scandinavian company which specialises in manufacturing robotic tool changers.
The current owners of RSP will remain in the company to continue the development of industrial automation and robotics solutions. RSP will also keep the existed brands and operate independently.
Peter Chen, of HCD’s investment Department, says: “HCD is continuing its global expansion through the acquisition of RSP. RSP is a true leader in its niche and we intend to accelerate the growth to make it a global player in high performance industrial robot peripheral products.
“RSP has successfully built a strong product platform from which we can continue to expand globally. We are very happy welcoming RSP and its employees to the HCD family.”
Ola Wallster, CEO of RSP, says: “We are convinced that HCD is the perfect partner for RSP and that they can offer the support needed to strengthen our business further.
“The partnership will benefit all stakeholders including our customers and employees.”
Completion is subject to certain closing conditions, including approval by Chinese authorities.