Wizcore and LS Electric Sign Investment Agreement... "Smart Factory Business Cooperation"

[Asia Economy Reporter Hyunseok Yoo] Wizcore, a smart factory solution company, announced on the 26th that it has signed an agreement to collaborate on the smart factory business with LS Electric Automation CIC. Along with this, LS Electric made an investment by acquiring a portion of Wizcore's shares.

The content of this business agreement involves combining the business capabilities of Wizcore, which possesses verified solutions and ICT convergence data analysis technologies through numerous smart factory projects, and LS Electric, a global leader in the industrial automation field. They aim to introduce competitive manufacturing solutions and infrastructure to small and medium-sized manufacturing companies both domestically and internationally.

Through strategic investment and cooperation, they plan to promote business collaboration for △ improving on-site productivity through joint development and implementation of Manufacturing Execution Systems (MES) △ enhancing management efficiency of manufacturing companies through solution advancement △ and accelerating digital transformation (DT) of the domestic manufacturing industry. The primary goal is the digital transformation of domestic manufacturing. To this end, Wizcore's excellent technological capabilities and LS Electric's outstanding business capabilities will be shared. They intend to expand their business areas in the future growth engine sector of smart manufacturing and contribute to establishing a growth foundation and improving competitiveness for domestic manufacturing companies.

Wizcore stated, "This investment and agreement have created conditions for close cooperation with LS Electric, a global leader in industrial automation," and emphasized, "We will accelerate the creation of a smart factory ecosystem to provide new value creation opportunities to the manufacturing industry at home and abroad." They added, "As the smart factory ecosystem becomes more active and a digital cluster based on manufacturing is established, manufacturing capabilities and innovation will be strengthened, and enhancing the global competitiveness of domestic manufacturing is Wizcore's vision."

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