News Release

YASKAWA to acquire shares of Doolim Robotics Co., Ltd.,
a Korean Robotic Painting and Sealing System Integrator

NewsMar 23, 2016

YASKAWA Electric Corporation (“YASKAWA Electric” Representative Director, President: Hiroshi Ogasawara) has reached an agreement to enter into a contract to acquire shares of DOOLIM Robotics Co., Ltd. (“Doolim Robotics” CEO: Park Sang-Beak), a Korean robotic painting and sealing system integrator through YASKAWA Electric Korea Corporation, a consolidated subsidiary of YASKAWA Electric (“Yaskawa Korea” CEO: Shinichi Fujiki).

1.Reason for acquisition

Doolim Robotics is a leading company for robotic painting and sealing system integration in Korea, and have many references of the system integration globally.

YASKAWA Korea, YASKAWA Electric have reached to acquire shares of Doolim Robotics for the purpose of establishing business of robotic painting and sealing system integration.

2.Corporate Profile of YASKAWA Korea

(1) Corporate name  :YASKAWA Electric Korea Corporation

(2) Head Office     :9F,Kyobo Securities Bldg,97 Uisadang-daero,

             Yeongdeungpo-gu,Seoul,KOREA(150-737)

(3) Representative    :Shinichi Fujiki, CEO

(4) Business Contents :Sales of electrical machine, device and others

(5) Capital                   :1,300 million won(Fiscal year ended February 2015)

(6) Net Sales            :216,229 million won(Fiscal year ended February 2015)

(7) Founded             :October 1994

3.Corporate profile of Doolim Robotics

(1) Corporate Name     :Doolim Robotics Co., Ltd.
(2) Head Office            : #70-15, Muha-ro, Namyang-eup, Hwaseong-si,
                                       Gyeonggi-do, Korea (445-852)
(3) Representative        : Park Sang-Beak, CEO
(4) Business Contents :Designing, Manufacturing and sales of
             robotic painting/sealing system
(5)Capital                     : 645 million won(Fiscal year ended December 2014)
(6) Net Sales                : 71,756 million won(Fiscal year ended December 2014)
(7) Founded                 : February 1993

【Contact】

Corporate Communications Division

YASKAWA Electric Corporation

E-mail: kouhou@yaskawa.co.jp

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