# 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.

- Type: Acquisition
- Announced: 2019-06-10
- Where: Connecticut, United States
- Value: $300.0M
- Jobs: 590
- Status: announced
- Products: aircraft engine components, integrally bladed rotors, engine cases
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Hanwha Aerospace](https://endata.com/companies/5761.md) (acquirer)
- [EDAC Technologies](https://endata.com/companies/16279.md) (target)

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20190610001551320), 2019-06-10: "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."
- [hanwha.com](https://www.hanwha.com/newsroom/news/press-releases/hanwha-aerospace-acquires-american-aircraft-engine-component-manufacturer.do), 2019-06-20: "On June 10, Hanwha Aerospace announced that it signed a deal to fully acquire EDAC Technologies, an American aircraft engine component manufacturer."
- [roboticsandautomationnews.com](https://roboticsandautomationnews.com/2019/07/08/hanwha-aerospace-acquires-us-aircraft-engine-component-manufacturer/24342/), 2019-07-08: "With our acquisition of EDAC, we will continue to expand our global presence to achieve our goal of becoming the world's number one partner in the aircraft engine industry."
- [roboticsandautomationnews.com](https://roboticsandautomationnews.com/tag/acquisition/page/5/), 2019-08-02: "Hanwha Aerospace has signed a deal to fully acquire EDAC Technologies, an American aircraft engine component manufacturer."

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