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Hanwha Aerospace to merge defence businesses of Hanwha Group · Endata

◂ Announcements

Jul 29, 2022ACQUISITIONSouth Korea

Hanwha Aerospace to merge defence businesses of Hanwha Group

Hanwha Aerospace announced it will acquire the defence business of Hanwha Corporation and absorb its wholly owned affiliate Hanwha Defense, creating a merged defence entity with an enterprise value of KRW1.25 trillion (USD960 million).

Value

$960.0M (1250.0B KRW)

Status

Announced

Productsaero-enginesmissilesrocketsmunitionsunmanned systemsunderwater systems

CompaniesHanwha Aerospace acquirer Hanwha target Hanwha Defense target

Sectors#Aerospace Components #Automotive Components

“This [merger] will create synergies across land, sea, air, and space technologies and expand exports.”janes.com

1 source
janes.comHanwha announces defence consolidationAug 1, 2022

Summarized from public sources; check the original articles before acting on it.

More from Hanwha Aerospace

Jul 29, 2022ACQUISITIONSouth Korea
Hanwha Impact acquires Hanwha Power Systems from Hanwha Aerospace
Hanwha Aerospace partner Hanwha Power Systems target mt.co.kr
Mar 31, 2022ACQUISITIONSouth Korea$165.0M
Hanwha Aerospace to sell Hanwha Precision Machinery's machine tool division
Hanwha Aerospace Hanwha Precision Machinery target signalm.sedaily.com
May 25, 2021CONTRACTUnited States$320.0M
Hanwha Aerospace signs $320M engine parts supply deal with GE
Hanwha Aerospace General Electric customer fnnews.com
May 25, 2021CONTRACTChangwon, South Gyeongsang, South Korea$320.0M
Hanwha Aerospace wins $320M order from GE Aviation for engine parts
Hanwha Aerospace GE Aviation customer koreajoongangdaily.com
May 25, 2021CONTRACTSouth Korea$320.0M
Hanwha Aerospace wins $320M engine parts deal from GE
General Electric customer Hanwha Aerospace supplier en.yna.co.kr
Dec 30, 2020ACQUISITIONUnited Kingdom$5.80M
Versarien plc acquires CVD assets and IP from Hanwha Aerospace for £4.3 million
Hanwha Aerospace target Versarien acquirer marketscreener.com

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