Hanwha Aerospace to acquire EDAC Technologies for $300 million

Hanwha Aerospace Co. signed a deal worth 350 billion won ($300 million) to acquire 100% of EDAC Technologies Holding Company, a U.S. aircraft engine parts maker, by the end of 2019.

“Hanwha Aerospace Co. said Monday it had signed a deal worth 350 billion won (US$300 million) to buy a U.S. aircraft engine maker in its latest expansion strategy.”en.yna.co.kr

• 4 sources
• en.yna.co.kr(LEAD) Hanwha signs US$300 mln deal to buy U.S. aircraft engine maker EDAC | Yonhap News AgencyChoi Kyong-aeJun 10, 2019
• hanwha.comHanwha Aerospace Acquires American Aircraft Engine Component ManufacturerJun 20, 2019
• roboticsandautomationnews.comHanwha Aerospace acquires US aircraft engine component manufacturerAnnaJul 8, 2019
• roboticsandautomationnews.comacquisition – Page 5David Edwards, Anna, Mai Tao, Sam FrancisAug 2, 2019

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