# Hanwha Precision Machinery to acquire machine tool business from Hanwha Corp.

Hanwha Aerospace's subsidiary Hanwha Precision Machinery will acquire the machine tool business from Hanwha Corp./Machinery for KRW 69.3 billion.

- Type: Acquisition
- Announced: 2018-10-22
- Where: South Korea
- Value: $61.0M (69.3B KRW)
- Status: announced
- Products: machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hanwha](https://endata.com/companies/8471.md) (target)
- [Hanwha Precision Machinery](https://endata.com/companies/19169.md) (acquirer)

## Sources

- [etoday.co.kr](https://www.etoday.co.kr/news/view/1676894), 2018-10-22: "한화에어로스페이스는 자사의 종속회사인 한화정밀기계주식회사가 ㈜한화/기계로부터 공작기계사업을 693억원에 양수하기로 결정했다고 22일 공시했다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.