China based Huachangda Intelligent Equipment Group Co Ltd (HCD) has signed an agreement to acquire a majority shareholding in Robot System Products in Scandinavia AB (RSP). The current owners of RSP will remain in the company to continue the development of a global leader within industrial automation and robotics solutions. RSP will keep the existed brands and operate independently.
“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”, says Peter Chen of HCD’s Investment Department.
“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”, says Ola Wallster, CEO of RSP.
Completion is subject to certain closing conditions, including approval by Chinese authorities.
Read the full press release here