# Wizit acquires 39.37% stake in Powernet for KRW 17 billion

Wizit, a manufacturer of key equipment parts for display and semiconductor manufacturing, acquired a 39.37% stake and management control of Powernet, an SMPS manufacturer, for KRW 17 billion. The deal was signed on February 1, 2017.

- Type: Acquisition
- Announced: 2017-02-01
- Where: South Korea
- Value: $15.0M (17.0B KRW)
- Status: announced
- Products: SMPS (Switching Mode Power Supply)
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Wizit](https://endata.com/companies/21919.md) (acquirer)
- [Powernet](https://endata.com/companies/21920.md) (target)

## Sources

- [etoday.co.kr](https://www.etoday.co.kr/news/view/1449587), 2017-02-02: "위지트는 전력변환장치 제조업체 파워넷의 지분 398만주(지분율 39.37%)와 경영권을 인수하기로 계약했다고 1일 밝혔다."

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