# Hyundai Electric & Energy Systems to buy China-based electrical machinery firm for 40.5 bln won

Hyundai Electric & Energy Systems Co Ltd announced it will acquire a China-based electrical machinery company for 40.5 billion won.

- Type: Acquisition
- Announced: 2017-10-31
- Where: China
- Value: $36.0M (40.5B KRW)
- Status: announced
- Products: electrical machinery
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hyundai Electric & Energy Systems](https://endata.com/companies/27685.md) (acquirer)

## Sources

- [stockopedia.com](https://www.stockopedia.com/share-prices/hd-hyundai-electric-KRX:267260/news/brief-hyundai-electric-amp-energy-systems-to-buy-electrical-machinery-firm-for-40-5-bln-won-019e6b1e-3eb2-7c20-8029-824d2cb46bab/), 2017-10-31: "Says it will buy China-based electrical machinery company for 40.5 billion won"

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