LS Electric acquires 51% stake in KOC Jeongi for 59.2 billion KRW

LS Electric's board approved a 59.2 billion KRW investment to acquire a 51% stake in KOC Jeongi, a South Korean transformer manufacturer, to expand ultra-high voltage transformer capacity and target the global power infrastructure market.

“By acquiring a strong and solid SME with the highest domestic technological capabilities, we can maximize synergy in the ultra-high voltage transformer business.”asiae.co.kr

• 2 sources
• asiae.co.krLS Electric Acquires KOC Jeongi... Targeting Global Power Infrastructure Market - The Asia Business DailyKim PyeonghwaMay 23, 2024
• mk.co.krLS Group is actively investing in power equipment and wire-related facilities in line with the recen.. - MKMay 24, 2024

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