What Technet does

Technet (주식회사 테크네트) is a privately held South Korean factory automation equipment manufacturer founded in 1993 as J.T.C. and rebranded in 1998, headquartered in Suwon, Gyeonggi-do. The company designs and produces precision automation systems for automotive component manufacturing, organized into three operating divisions: the FA Division (assembly lines such as oil pump, rotor, and carrier assembly, plus leak testers), the Servo/Nut Runner Division (column servo presses from 5kN to 200kN with ±0.01mm positioning repeatability, and electric nut runners with torque ranges from 2 to 750 Nm), and the CAR Components Division (automotive air conditioning parts and related components). The portfolio is anchored by 50+ registered patents and supported by an in-house R&D center established in 2010, with two manufacturing facilities in Suwon and Cheongwon and a subsidiary TNC Co., Ltd. in Cheongju.

Technet generates revenue primarily through B2B direct sales of custom-engineered equipment to enterprise automotive customers, conducted by dedicated account managers targeting OEM and Tier 1 supplier accounts. The customer base is concentrated in the Korean automotive ecosystem, with registered 1st-tier supplier status at Hyundai Motor, Kia, Renault Samsung, Ssangyong, Daewoo, and Korea Robert Bosch (since 2001-2003), plus Hyundai Mobis (2015) and LG Electronics (2017). An estimated 72+ assembly line and automation equipment projects were delivered from 2015-2022, with documented international reach into China, India, Thailand, and Mexico alongside Korean OEM expansion. Reported revenue grew from 14 billion KRW (2018) to 16 billion KRW (2019) to 18 billion KRW (2020), supplemented by on-site technical services and real-time problem response for installed equipment. The company also distributes FARO LASER 3D measurement equipment and inspection services through a 2023 partnership with AIMM Tech, and holds ISO 9001:2015, InnoBiz, and MainBiz certifications.

Name

Technet

Legal name

(주)테크네트

Website

https://technetkorea.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Technet is a South Korean factory automation equipment manufacturer specializing in servo presses, nut runners, and precision assembly lines for automotive OEMs and Tier 1 suppliers. Founded in 1993, it serves Hyundai, Kia, Bosch, and LG Electronics with 50+ patents.

Ownership category

akta.pro rank

Product category

Industrial Automation Equipment

NAICS

Industrial Machinery Manufacturing (33324), Industrial Machinery Manufacturing (3332), Other General Purpose Machinery Manufacturing (3339)

SIC

Special Industry Machinery (No Metalworking Machinery) (3550), Special Industry Machinery, Nec (3559), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Motion & Machine Control (CNC, Robotics Controllers, Servo/Motion Controllers) (IMAGABAG)

akta.pro secondary industries

Motor Drive & Motion Control Electronics Manufacturing Services (VFDs, servo drives, controllers) (IMAGAGAJ), Sensors & Instrumentation Electronics Manufacturing Services (Transmitters, analyzers, industrial sensors) (IMAGAGAL), Metrology Automation & Robotics (Automated Cells, In-Line Gauging) (IMAAAHAH)

Keywords

• Factory automation equipment
• Automotive assembly lines
• Servo press machines
• Nut runner tools
• Automotive component manufacturing

Headquarters

HQ city

Gunpo

HQ country

South Korea

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Factory Automation Equipment Sales: Design, manufacture, and sale of factory automation equipment including assembly lines, servo presses, and nut runners to automotive manufacturers and their suppliers
2. Automotive Components Manufacturing: Production and supply of automotive air conditioning parts and other vehicle components
3. Technical Services and Support: On-site technical support, maintenance, and real-time problem response for installed equipment

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Technet designs, manufactures, and supplies factory automation equipment for the automotive industry, including precision servo presses, electric nut runners, and full assembly lines for engines, transmissions, and vehicle components. The company also produces automotive air conditioning parts and distributes FARO portable 3D measurement equipment for quality inspection. Operations are supported by on-site technical service and real-time problem response to enterprise customers.

Product overview

Technet is a technology-intensive manufacturing company specializing in factory automation equipment for the automotive industry. The product portfolio consists of three main divisions: FA Division (factory automation equipment including assembly lines and manufacturing systems), SERVO/NUTRUNNER Division (servo presses and electric nut runners for precision fastening), and Components Division (automotive parts). Additionally, the company distributes FARO LASER 3D measurement equipment as a US FARO authorized distributor and offers related inspection services. The offerings are interconnected: automation equipment integrates servo presses and nut runners for complete manufacturing lines, while FARO measurement devices support quality control across all production systems.

Differentiator

Problem solved

Functional benefit

Products and services

• FA Division (Factory Automation Equipment) Factory automation division supplying assembly lines, manufacturing systems, oil pump assembly lines, rotor assembly lines, carrier assembly lines, and leak testers for automotive component production at OEM and Tier 1 supplier facilities.
• Servo Press Column servo press machines for precision pressing operations with models CS05 (5kN), CS10 (10kN), CS20 (20kN), CS30 (30kN), CS50 (50kN), BS100 (100kN), and BS200 (200kN) with positioning repeatability of ±0.01mm for automotive assembly applications.
• Nut Runner Electric nut runners and torque control tools for automated fastening on automotive assembly lines. Multiple series including 2300S, 2400Q, 2500S, 2600Q, 2600S, 2900S with torque ranges from 2-750 Nm for automotive assembly applications.
• CAR Components Division Automotive components manufacturing division producing parts for vehicle air conditioning and other automotive systems, supplied as Tier 1 components to Hyundai, Kia, Renault Samsung, Hanon Systems, and others.
• FARO LASER 3D Measurement Equipment (Portable CMM) Portable coordinate measuring machines including FARO SCANNER, FARO ARAM, and FARO TRACKER for precision 3D measurement, reverse engineering, and quality inspection with tolerance of 0.02mm and measurement range up to 160 meters. Distributed as authorized US FARO partner in Korea with inspection services.
• Line Camera Industrial line cameras for vision inspection and quality control in manufacturing processes, used as part of automated quality inspection systems.
• 3D Welding Inspection Equipment 3D inspection equipment for welding quality verification and weld seam analysis in manufacturing processes.
• On-site Technical Services and Support On-site technical support, maintenance, and real-time problem response services for installed factory automation equipment, including Servo Press domestic repair services.

Quantifiable outcome

• Equipment positioning repeatability of ±0.01mm
• +1 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• Japan CORETECcoreTechnology or Integration · 1 November 1999Business agreement signed in November 1999 for nut runner and automation equipment technology
• Germany LISTcoreChannel Partner/ Reseller/ Distributor · 1 November 1999Distributor rights agreement signed in November 1999 for LIST products in Korea
• Japan Pioneer East (동부 파이오니어)coreTechnology or Integration · 1 October 1998Partnership agreement signed in October 1998 for business collaboration
• Japan NIKKO (동명)coreTechnology or Integration · 1 August 1998Partnership agreement signed in August 1998 for technology and business collaboration in factory automation equipment

Scale indicators4 records

Recent moves9 records

Expansion highlights4 records

Others

• Desoutter Industrial Tools:

Direct peers

• Promess Inc. US/German manufacturer of servo presses and motion assembly systems for precision pressing applications, directly comparable to Technet's Column Servo Press product family (5kN-200kN force range).
• Janome Industrial Equipment: Japanese manufacturer of servo presses and robotic assembly systems for precision industrial applications, competing with Technet's servo press and nut runner portfolio in the automotive assembly market.
• Shibaura Machine (formerly Toshiba Machine): Japanese manufacturer of machine tools, servo presses, and motion control equipment with deep automotive industry penetration, comparable to Technet's factory automation and motion control offerings.
• ESTIC Corporation: Japanese specialist in electric nut runners and torque control fastening systems for automotive assembly lines, directly competing with Technet's Nut Runner product line on similar torque ranges and automotive customers.

Regional players

• Hyundai Wia: Korean machine tool and automotive parts manufacturer that is both a customer and adjacent automation equipment supplier. Comparable in serving Hyundai/Kia production lines with factory automation equipment.
• SFA Engineering: Korean factory automation specialist serving automotive and electronics manufacturing with assembly lines and automation equipment. Direct Korean regional peer competing for similar Hyundai/Kia and supplier contracts.

Broad incumbents

• KUKA AG: German-headquartered global robotics and automation systems integrator serving automotive OEMs and Tier-1 suppliers. Broad incumbent that competes for factory automation programs where Technet also participates.
• Atlas Copco Industrial Assembly Solutions: Global leader in industrial assembly tools including nut runners and torque control, with broad automotive OEM relationships. Overlaps with Technet's nut runner business as part of a much wider industrial tools portfolio.
• Bosch Rexroth: Global automation and assembly technology supplier with comprehensive factory automation, motion control, and assembly solutions. Note: Bosch is also a Technet customer, making this both a customer and competitor relationship.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Technet