# BioSmart acquires 100% stake in TCT for 26 billion won

BioSmart, a smart card manufacturer, acquired 100% of TCT, a copper product and heavy electrical equipment specialist, for 26 billion won to diversify its business and strengthen competitiveness.

- Type: Acquisition
- Announced: 2021-11-02
- Where: South Korea
- Value: $22.0M (26.0B KRW)
- Status: completed
- Products: enameled copper wire, heavy electrical equipment, copper products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [BioSmart](https://endata.com/companies/58517.md) (acquirer)
- [TCT](https://endata.com/companies/58518.md) (target)

## Sources

- [newsis.com](https://www.newsis.com/view/NISX20211102_0001636705), 2021-11-02: "바이오스마트는 사업다각화 및 경쟁력 강화를 위해 티씨티 지분 100%를 260억원에 인수하는 계약을 체결했다고 2일 공시했다."

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