# Samsung Electro-Mechanics sells Wi-Fi module business to Chemtronics

Samsung Electro-Mechanics is selling its Wi-Fi communication module business to Chemtronics for 105.5 billion KRW. Chemtronics' subsidiary Wits will acquire the business, including a Thailand subsidiary, with the acquisition expected to close on April 30, 2021.

- Type: Acquisition
- Announced: 2021-01-27
- Where: Suwon, Gyeonggi Province, South Korea, South Korea
- Value: $95.0M (105.5B KRW)
- Status: announced
- Products: Wi-Fi communication modules
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Samsung Electro-Mechanics](https://endata.com/companies/15109.md) (target)
- [Chemtronics](https://endata.com/companies/38865.md) (acquirer)
- [Wits](https://endata.com/companies/38866.md) (acquirer)

## Sources

- [marketin.edaily.co.kr](https://marketin.edaily.co.kr/News/Read?newsId=04988886628921984), 2021-01-27: "인수를 통해 근거리 무선통신 솔루션 전문업체로 입지를 강화하고자 한다"

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