# SK Ecoplant to invest $389 million to acquire Samkang M&T for offshore wind business

SK Ecoplant decided to invest 459.5 billion won ($388.6 million) to acquire a 31.83% stake and convertible bonds in Samkang M&T, a South Korean offshore wind farm substructure maker, to enter the offshore wind power business.

- Type: Acquisition
- Announced: 2021-11-17
- Where: South Korea
- Value: $388.6M
- Status: announced
- Products: jacket foundations, offshore wind substructures
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Samkang M&T](https://endata.com/companies/26171.md) (target)
- [SK Ecoplant](https://endata.com/companies/56140.md) (acquirer)

## Sources

- [kedglobal.com](https://www.kedglobal.com/energy/newsView/ked202111170015), 2021-11-17: "Samkang M&T has global competitiveness in the offshore wind power parts sector"

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