# NVH Korea acquires Wonbang Tech for ₩160B

NVH Korea, through its subsidiary NVH Wonbang Tech, acquired 85.1% of Wonbang Tech for approximately 160 billion won to enter the HVAC and cleanroom market for pharmaceuticals and secondary batteries.

- Type: Acquisition
- Announced: 2018-05-24
- Where: South Korea
- Status: completed
- Products: cleanroom design and construction, HVAC solutions, bio cleanrooms, dry rooms for secondary batteries
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [NVH Korea](https://endata.com/companies/31236.md) (acquirer)
- [Wonbang Tech](https://endata.com/companies/32051.md) (target)
- [NVH Wonbang Tech](https://endata.com/companies/32052.md) (partner)

## Sources

- [etoday.co.kr](https://www.etoday.co.kr/news/view/1625922), 2018-05-24: "신성장 동력 확보 전략의 일환으로 고부가가치를 창출할 수 있는 공기조화설비(HVAC) 솔루션 선두기업인 원방테크 인수를 결정했다"

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