# Hoban completes acquisition of Taihan Electric Wire

Hoban completed the acquisition of a 40% stake in Taihan Electric Wire for 252 billion won ($223 million), becoming the largest shareholder. Taihan changed its English name to Taihan Cable & Solution.

- Type: Acquisition
- Announced: 2021-05-18
- Where: South Korea
- Value: $223.0M (252.0B KRW)
- Status: completed
- Products: extra-high voltage power cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Taihan Electric Wire](https://endata.com/companies/21369.md) (target)
- [Hoban](https://endata.com/companies/55209.md) (acquirer)

## Sources

- [ajupress.com](https://www.ajupress.com/view/20210518162326598), 2021-05-18: "Hoban completed the acquisition of Taihan Electric Wire, a domestic power cable and grid infrastructure company capable of producing an ultra-high-voltage power cable system."

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