Haitong Bank
Assembly Line
China’s Estun Automation acquires Germany’s Carl Cloos Welding Technology
Haitong Bank acted as exclusive financial adviser to Inova Automation Co., Ltd. (“Inovance”) on the acquisition of 100% of the share capital of SAS Innovation Recherche Automatisme Informa (“IRAI”). Inovance Group, founded in 2003, is a leading global provider of industrial automation solutions to OEMs and end users. As a leader in simulation software for educational and industrial purposes, IRAI is believed to help Inovance broaden and strengthen its overall automation solutions.