# Habasit acquires South Korea distribution partners Namil Belt and Korea Belt Services

Habasit International AB has incorporated its long-standing distribution partners in South Korea, Namil Belt Industrial Co. and Korea Belt Services, as a new affiliated company under the Habasit Korea umbrella.

- Type: Acquisition
- Announced: 2019-12-11
- Where: South Korea
- Status: announced
- Products: conveyor belts, power transmission belts, processing belts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Namil Belt Industrial Co., Ltd.](https://endata.com/companies/43805.md) (target)
- [Korea Belt Services](https://endata.com/companies/43806.md) (target)
- [Habasit International](https://endata.com/companies/43878.md) (acquirer)

## Sources

- [inddist.com](https://www.inddist.com/mergers-acquisitions/news/21105701/belting-supplier-habasit-acquires-south-korea-distribution-partners), 2019-12-11: "The acquisitions strengthen the level of service and support Habasit can deliver to customers in the South Korean market, whilst maintaining the business strategy and reputation built by NBI and KBS."

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