# Hanwha Solutions acquires Samsung Electro-Mechanics' communication module business

Hanwha Solutions agreed to acquire Samsung Electro-Mechanics' Wi-Fi and 5G millimeter-wave antenna module businesses. The deal is expected to close by March 2022; the acquisition price was not disclosed but estimated at around KRW 100 billion.

- Type: Acquisition
- Announced: 2021-12-30
- Where: South Korea
- Value: $84.0M (100.0B KRW)
- Status: announced
- Products: Wi-Fi modules, 5G millimeter-wave antenna modules
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Hanwha Solutions](https://endata.com/companies/7811.md) (acquirer)
- [Samsung Electro-Mechanics](https://endata.com/companies/15109.md) (target)

## Sources

- [mk.co.kr](https://www.mk.co.kr/news/business/10157724), 2021-12-30: "한화솔루션은 전자사업 다각화를 위해 삼성전기의 와이파이(WIFI), 5G 밀리미터웨이브 안테나 모듈 사업을 인수한다고 밝혔다."
- [prnewswire.com](https://www.prnewswire.com/news-releases/hanwha-solutions-acquires-part-of-samsung-electro-mechanics-wireless-module-business-301453206.html), 2022-01-04: "Combining Samsung Electro-Mechanics' wireless module design-to-manufacturing capability with Hanwha's global business network will inevitably create significant business opportunities."

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