# Huvis acquires 25% stake in US smart textile startup Soliyarn

Huvis, through its investment subsidiary Huvis Global, signed an agreement to purchase a 25% stake in Soliyarn, a US advanced smart textile startup. The deal was announced on May 3, 2022.

- Type: Acquisition
- Announced: 2022-05-03
- Where: United States
- Status: announced
- Products: smart textiles, conductive sensors, heated sensors, vital sign detecting sensors, reactive vapor deposition coatings
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Huvis](https://endata.com/companies/15590.md) (acquirer)
- [Soliyarn](https://endata.com/companies/62672.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/HUVIS-CORPORATION-13430347/news/Huvis-Acquires-25-Stake-of-U-S-Smart-Textile-Startup-Soliyarn-40549800/), 2022-05-03: "Huvis (CEO: Shin, You Dong, 079980) specializing in chemical and fiber materials announced on the 4th that it had signed an agreement with Soliyarn, a U.S. advanced smart textile startup, to purchase a 25% stake in the company through its investment subsidiary Huvis Global."
- [huvis.com](https://www.huvis.com/eng/prCenter/NewsView.asp?news_seq=684&p=1&searchKey=&searchVal=), 2022-05-04: "Huvis ... had signed an agreement with Soliyarn ... to purchase a 25% stake in the company through its investment subsidiary Huvis Global."
- [sedaily.com](https://www.sedaily.com/article/13381135), 2022-05-04: "기존에 주력하던 친환경, 고기능성 차별화 소재에 대한 경쟁력을 더욱 강화하고 스마트섬유 시장 진입을 통한 신성장 동력을 확보하기 위해 솔리얀 투자를 결정했다"

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