Press Releases | LS E&M

LS Electric (Chairman Koo Ja-kyun) announced on the 29th that it will acquire an 80% stake in logistics automation company Korea E&M (CEO Yoo Seung-hwan) to secure management rights and expand its business area to facility-based smart logistics solutions.

Korea E&M is a company that supplies automatic logistics warehouse facilities and systems to large companies such as LG Group, Hyundai Motor Group, and Samsung SDI, and has the ability to design, manufacture, and build them. In addition, it has designed, manufactured, and delivered a stacker crane (maximum height of 45m and driving speed of 300m/min.) at its factory in Hwaseong, Gyeonggi-do.

LS Electric plans to expand its business from factory automation to logistics automation solutions by acquiring E&M Korea. In particular, it expects to expand its scope to smart logistics solutions that maximize logistics efficiency by utilizing artificial intelligence (AI), big data, and robotics in the entire logistics process in the long term, and plans to firmly establish a "system integration (SI) business model based on facilities."

"With this acquisition, we plan to internalize the core technologies of the logistics automation business and strengthen our ability to provide customized solutions," said Lee Sang-joon, COO (Executive Director) of LS Electric Automation CIC. "We will foster the smart logistics solution business as a new growth engine starting this year, which marks the 50th anniversary of our company."

LS Electric's automation business has been expanding its portfolio of robots, packages, and logistics facilities based on the control technology accumulated in existing major businesses such as inverters and programmable logic controllers since it was separated by the CIC system in 2020.

Source: Logistics Newspaper (https://www.klnews.co.kr )