Axion Group Successfully Completes Small-Scale Paid-In Capital Increase... "MJ Tech Merger Proceeding Smoothly"

KOSDAQ-listed Axion Group announced on July 23 that the target of its third-party small-scale paid-in capital increase has completed payment.

The company is currently proceeding smoothly with its merger process with MJ Tech, and is also accelerating the digital finance business it announced last week.

Internally, the company expects its financial structure to improve significantly this year. In fact, MJ Tech recorded annual sales of 50 billion to 70 billion KRW over the past three years, and has consistently posted operating profits. Accordingly, once the merger process is completed, Axion Group expects its sales to exceed 40 billion KRW.

Axion Group cited the key reason for acquiring MJ Tech as the company's status as a "stable manufacturing company equipped with both technological capabilities and a track record," rather than simply its manufacturing capacity. While the company's existing e-commerce-focused business is heavily influenced by seasonality and external variables in terms of profit structure, MJ Tech has maintained steady orders as a primary vendor for major domestic conglomerates. By securing a manufacturing base with high predictability, the company aims to balance its profit structure and strengthen its overall fundamentals.

The company also stated that this acquisition is not merely about securing a stable new business. MJ Tech established a robotics automation division last year and is seeking to enter the automation equipment market in earnest by introducing technology from ABB Robotics, the global leader in industrial robots. The combined capabilities of the two companies are expected to create new synergies in the global market.

An Axion Group representative explained, "Through this acquisition, we have secured a new growth engine that combines technology-based manufacturing with data-driven solutions, going beyond simple portfolio diversification," adding, "With the convergence of manufacturing and platforms, our scenario for securing long-term competitiveness has gained even more weight."

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