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Curexo acquires medical robotics business from Hyundai Heavy Industries

Collected: 2017.03.14

Distributed: 2017.03.15

Source: Go Direct

Curexo Inc., an importer of surgical robots of South Korea, has agreed to acquire Hyundai Heavy Industries’ medical robotics business for 11.1 billion won ($9.7 million). With the deal, Curexo expects to lead the local medical robotics market by adding robots for rehabilitation, patient care and other purposes to its line-up.

Curexo said on Monday it signed an agreement to acquire the shipbuilder’s medical robotics business resources including workforces in return for its new shares worth 11.1 billion won to Hyundai Heavy Industries. Hyundai Heavy Industries will become the second largest shareholder of Curexo with a 6.7 percent stake. Curexo’s parent company Korea Yakult Corp. controls more than 35 percent.

The shipbuilder’s medical robotics division has developed rehabilitation robots for walking training, patient-handling robots, endovascular therapy robots and orthopedic surgical robots.

Curexo said it will expand its business territory by leveraging Hyundai Heavy Industries’ business infrastructure like manufacturing facilities and hospital network in addition to the shipbuilder’s hardware and software for medical robotics.

By Jin Young-tae

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