Clobot (466100.KQ) shares surged after the company acquired Doosan Logistics Solution, Doosan's logistics automation affiliate.
Clobot shares were trading at 32,800 won, up 2,400 won, or 7.89%, from the previous session, according to the Korea Exchange on Tuesday. The stock spiked as high as 34,650 won during intraday trading.
After Monday's market close, Clobot disclosed that it had decided to acquire a 100% stake in Doosan Logistics Solution. The acquisition is valued at 68.5 billion won, with the scheduled transfer date set for September 30.
Clobot said it acquired the stake in Doosan Logistics Solution to strengthen its competitiveness in the logistics automation solutions market and to diversify its business.
Founded in 2019, Doosan Logistics Solution provides hardware and software technology to control and manage the entire logistics process. The company reported revenue of 65.78 billion won and operating profit of 1.1 billion won last year.
