Maxlotec Signs Definitive Strategic Investment Agreement with Naver Systems

[Asia Economy Reporter Koo Eun-mo] Maxlotec is expanding various new businesses such as smart factories through strategic investment in IT specialized companies.

Maxlotec, a company specializing in industrial robots and factory automation equipment, announced on the 2nd that it has signed a main contract for strategic investment with Naver System, an IT specialized company, as part of its business expansion strategy.

Founded in 1998, Naver System possesses diverse and specialized business experience and performance assets accumulated over about 20 years. It maintains business stability by securing top-level software development engineers in the industry and is a comprehensive IT service specialized company covering everything from solution provision to development, operation, and IT convergence.

The company collects data from numerous sensors attached to machines in each process of manufacturers' smart factories, integrates them into Splunk to control all situations within the factory, and conducts monitoring. Its target fields are diverse, including semiconductors, home appliances, displays, shipbuilding, steel, mobile phones, automobiles, chemicals, and other general manufacturers, securing many references such as LG Chem, Hyundai Steel, and Kyungdong Navien.

Maxlotec expects to create synergy through business convergence with Naver System. A company official explained, “Maxlotec has acquired technology and know-how related to automation systems over the past 18 years,” adding, “We have technological capabilities such as supplying hardware that meets the conditions desired by customers through the convergence of robot technology and metal 3D printer technology.” He continued, “By cooperating with Naver System, which has optimal software, we will expand the base to small and medium manufacturers requiring smart factories and various IT, increasing market share through the synergy of both companies.”

Jung Kyung-wook, CEO of Maxlotec, said, “The new management team composed of smart factory and IT experts will proceed with business expansion linked to existing businesses,” adding, “We plan to create new growth engines and expand business as a representative strong small and medium enterprise equipped with IT technologies such as smart factories applied in the industry.”

This content was produced with the assistance of AI translation services.