# Idear-Hanyu Electrical to acquire Thailand's Seil Controls for USD 3.3 billion

Chinese household appliance pump maker Idear-Hanyu Electrical plans to buy 100% of Thai component maker Seil Controls from three South Korean shareholders for cash, according to a statement on August 15, 2018. Due diligence is to be completed within 45 days, with 80% of the price paid upon completion.

- Type: Acquisition
- Announced: 2018-08-15
- Where: Chon Buri, Thailand
- Value: $3.30B
- Status: announced
- Products: water inlet valves, pressure switches, drain pumps
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Idear-Hanyu Electrical](https://endata.com/companies/3741.md) (acquirer)
- [Seil Controls](https://endata.com/companies/3742.md) (target)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinese-appliance-parts-maker-buys-thai-counterpart-to-expand-global-market-share), 2018-08-17: "The buyer plans to spend USD3.3 billion to buy Seil Controls from three South Korean shareholders."

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