Eft “loves” Italy

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Efte Intelligent Equipment Co., LTD. (referred to as “Efte”) is also a Chinese company that is keen on acquiring overseas robot companies.

Eft was established in August 2007, formerly known as Wuhu Chery Equipment Co., LTD., and has been a subsidiary of Chery Automobile until June 2014, mainly providing complete machines and supporting services for Chery Automobile.

More than a decade later, after a number of capital increases, equity transfers and overseas mergers and acquisitions, Eft separated from the Chery system.

However, unlike the first two, Eft is particularly “dedicated”, and the acquisition territory has been focused on Italy:

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In 2015, it acquired CMA, an Italian spraying robot manufacturer and system integrator. In March 2016, acquired EVOLUT, an Italian high-end robot system integrator in the field of metal processing; In the first half of 2017, the Italian motion control system design ROBOX company was acquired; In September 2017, it acquired WFC Group, an Italian medium and high-end automotive body in white welding system integrator.

Eft has developed a number of core technologies through acquisitions of foreign companies. For example, for the spray market demand, the development of GR680, GR6150HW and other small and medium-sized load models, for special working environment (explosion-proof) robot structure design technology, is digested CMA technology after independent research and development.

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At home, EfT sets up joint ventures with acquired companies to transform and absorb technologies:

In 2015, the company was established to transform and absorb CMA technology. Now, the company has formed a number of spraying robots, mainly engaged in spraying robots and system integration business for general industry; In 2016, Ehua Road was established to convert and absorb EVOLUT technology. Ehualu has formed intelligent polishing system solutions, mainly engaged in the general industry of robot system integration business; In 2017, Rubos was established to convert and absorb ROBOX technology, mainly engaged in the development and manufacturing of robot controllers and drives.

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Abroad, Efort set up Efort Europe, responsible for the control of overseas subsidiaries, as well as overseas research and development project management; Effort France was also established to take orders for automotive body-in-white robot system integration for the French market.

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“Nikkei Chinese Website” mentioned on December 3, the world industrial robot market, the United States, Japan and European companies still occupy an absolute advantage, Switzerland ABB, Germany Kuka, Japan Fanuc and Yaskawa electric four companies with a global share of 80%.

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Among them, ABB’s robot business has annual sales of about 9.2 billion US dollars, while Shenyang Siasun, China’s largest robot company, has annual sales of only 3 billion yuan.

Rui industrial statistics also show that in China’s industrial robot market, Fanuc and Yaskawa Electric, ABB and other foreign investments (excluding the German Kuka owned by Chinese enterprises) accounted for more than 60% of the share.

However, backed by the world’s largest industrial robot market, the overall presence of Chinese industrial robot manufacturers is increasing.

The above media quoted a senior executive of a large Japanese industrial robot company as saying: “I really feel the strength of Chinese enterprises.” Although there are still gaps in technological strength, Chinese companies are definitely rivals that cannot be taken lightly.”