Mobis Absorbs JA R Systems Through Merger
[Asia Economy Reporter Ji Yeon-jin] Mobis announced on the 20th that it has decided to merge with the smart factory platform specialist company JAR Systems.
The merger consideration is 2 billion KRW, with approximately 720,000 Mobis shares (80.38% of the merger consideration) to be paid to JAR Systems shareholders, and the remaining difference of about 400 million KRW to be paid in cash.
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Mobis explained, "The merger is to enter new businesses through the acquisition of a smart platform specialist company, expand sales, and enhance corporate value by improving the profit and loss structure."
This content was produced with the assistance of AI translation services.
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