Hanwha Aerospace acquires EDAC Technologies for $300m

Hanwha Aerospace has completed the acquisition of EDAC Technologies for approximately $300 million. EDAC Technologies will operate as Hanwha Aerospace USA, marking Hanwha's first aircraft engine component manufacturing facility in the US.

“Teaming with Hanwha Aerospace will allow for continued investment in our work force, process development and manufacturing capabilities.”airport-technology.com

• 6 sources
• airport-technology.comHanwha Aerospace acquires EDAC Technologies for $300mJangoulun SingsitSep 29, 2019
• airframer.comHanwha Aerospace completes acquisition of EDAC Technologies | Press release | Airframer | AirframerSep 30, 2019
• hanwha.co.kr한화에어로스페이스 美 이닥(EDAC)사 인수, Hanwha Aerospace USA 출범 | 한화그룹Sep 30, 2019
• prnewswire.comHanwha Aerospace Completes Acquisition of EDAC TechnologiesGreenbriar Equity Group, L.P.Sep 30, 2019
• pulse.mk.co.krHanwha Aerospace completes acquisition of US-based EDAC Technologies - 매일경제 영문뉴스 펄스(Pulse)Oct 1, 2019
• en.yna.co.kr

Summarized from public sources; check the original articles before acting on it.