# Chemtronics subsidiary Wits acquires Samsung Electro-Mechanics' wireless communication module business

Chemtronics announced that its subsidiary Wits signed a contract to acquire Samsung Electro-Mechanics' Wi-Fi communication module business for 105.5 billion won. Wits will invest 91.5 billion won in Samsung Electro-Mechanics' Thailand subsidiary, acquiring 100% equity.

- Type: Acquisition
- Announced: 2021-01-27
- Where: Thailand, Thailand
- 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

- [thelec.kr](https://www.thelec.kr/news/articleView.html?idxno=10659), 2021-01-27: "켐트로닉스는 자회사 위츠가 삼성전기 와이파이 통신 모듈 사업을 1055억원에 인수하는 영업 및 주식양수도 계약을 체결했다고 밝혔다."

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