# Chemtronics' Wits acquires Samsung Electro-Mechanics' wireless power transfer business

Chemtronics' newly established subsidiary Wits signed an asset transfer agreement to acquire Samsung Electro-Mechanics' mobile wireless power transfer and NFC chip coil business for KRW 21 billion, paid in five installments over two years.

- Type: Acquisition
- Announced: 2019-04-22
- Where: South Korea
- Value: $18.5M (21.0B KRW)
- Status: announced
- Products: wireless power transfer modules, NFC chip coils, wireless charging materials
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Chemtronics](https://endata.com/companies/38865.md)
- [Samsung Electro-Mechanics](https://endata.com/companies/15109.md) (target)
- [Wits](https://endata.com/companies/38866.md) (acquirer)

## Sources

- [biz.newdaily.co.kr](https://biz.newdaily.co.kr/site/data/html/2019/04/22/2019042200058.html), 2019-04-22: "켐트로닉스는 신설법인 위츠가 삼성전기 모바일 무선전력전송 및 근거리무선통신(NFC) 칩코일 사업을 인수하는 영업양수도 계약을 체결했다고 22일 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.