# Hyundai Electric to acquire 61.84% stake in Plaspo

Hyundai Electric, a Hyundai Heavy Industries affiliate, announced it will acquire a 61.84% stake in Plaspo for 22.8 billion won (approx. $19 million). The acquisition is expected to close on April 12, 2022.

- Type: Acquisition
- Announced: 2022-02-04
- Where: South Korea
- Value: $19.0M (22.8B KRW)
- Status: announced
- Products: power conversion devices
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hyundai Electric](https://endata.com/companies/43496.md) (acquirer)
- [Plaspo](https://endata.com/companies/48238.md) (target)

## Sources

- [etoday.co.kr](https://www.etoday.co.kr/news/view/2102453), 2022-02-04: "전력변환장치 등 제품 라인업 추가로 신재생에너지 사업기회 확대 목적"
- [hd.com](https://www.hd.com/en/newsroom/media-hub/press/view?detailsKey=1723), 2022-02-24: "Hyundai Electric announced in a regulatory disclosure dated February 4 that it would buy a 61.8% stake in PLASPO for KRW 22.87 billion."

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