Jin System Acquires Kyungbo Electric Stake... Enters AIDC Power Infrastructure Market

Jin System, a company specializing in molecular diagnostic platforms, announced on July 31 that it has acquired a 100% stake in Kyungbo Electric, a company specializing in electric power equipment, and will enter the Artificial Intelligence Data Center (AIDC) power infrastructure market.

Kyungbo Electric is a specialized company that has accumulated technological expertise in power measurement, transformation, and protection for about 60 years, and holds both the qualifications and references needed to supply products directly to Korea Electric Power Corporation and power generation companies. Its main products include current transformers (CT), potential transformers (PT), measuring MOFs (Metering Outfitting Facility), and protective relays.

These products are core power devices that convert high voltage and high current to measurable levels during transmission and distribution processes and detect abnormalities in the power system to protect facilities. They are essential for building power facilities and replacing aging power grids at power plants, industrial sites, and data centers.

After the acquisition, Jin System plans to strengthen the production capacity of existing products and expand into next-generation digital protective relays, power monitoring systems, and the smart grid sector, based on investment in Kyungbo Electric's production and research facilities.

Sungyoung Park, CEO of Jin System, said, "This acquisition marks the starting point for Jin System to become an energy power equipment company," adding, "By combining Kyungbo Electric’s 60 years of manufacturing capability with Jin System’s growth strategy and capital market expertise, we will foster the company as a core materials, parts, and equipment leader in the AI power supercycle era through a systematic post-merger integration (PMI) process."

This content was produced with the assistance of AI translation services.