# 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.

- Type: Acquisition
- Announced: 2019-09-30
- Where: Cheshire, Connecticut, United States
- Value: $300.0M
- Status: completed
- Products: aircraft engine components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Greenbriar Equity Group](https://endata.com/companies/3222.md) (investor)
- [Greenbriar Equity Group](https://endata.com/companies/3222.md) (partner)
- [Hanwha Aerospace](https://endata.com/companies/5761.md) (acquirer)
- [EDAC Technologies](https://endata.com/companies/16279.md) (target)
- [EDAC](https://endata.com/companies/42423.md) (target)

## Sources

- [airport-technology.com](https://www.airport-technology.com/news/hanwha-aerospace-acquires-edac/), 2019-09-29: "Teaming with Hanwha Aerospace will allow for continued investment in our work force, process development and manufacturing capabilities."
- [airframer.com](https://www.airframer.com/news/release/hanwha-aerospace-completes-acquisition-of-edac-technologies), 2019-09-30: "Hanwha Aerospace Co. and Greenbriar Equity Group, L.P. announced today the completion of Hanwha Aerospace's acquisition of EDAC Technologies."
- [hanwha.co.kr](https://www.hanwha.co.kr/newsroom/media_center/news/news_view.do?seq=5068), 2019-09-30: "한화에어로스페이스 (대표이사 신현우)는 9월30일(미 현지 시간) 美 항공엔진 부품 전문업체인 '*이닥(EDAC)'사를 약 3억달러(한화 약 3570억원)에 인수 완"
- [prnewswire.com](https://www.prnewswire.com/news-releases/hanwha-aerospace-completes-acquisition-of-edac-technologies-300928100.html), 2019-09-30: "Our product portfolio will be significantly enhanced by the EDAC Technologies acquisition, and we will benefit from decades of expertise in the complex processes required to manufacture static and rotating engine components in volume"
- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/9003514), 2019-10-01: "Our product portfolio will be significantly enhanced by the EDAC acquisition, and we will benefit from decades of expertise in the complex processes required to manufacture static and rotating engine components in volume."
- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20191001002600320), 2019-10-01: "Our product portfolio will be significantly enhanced by the EDAC acquisition, and we will benefit from decades of expertise in the complex processes required to manufacture static and rotating engine components in volume."

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