# SMEC to acquire Hyundai WIA machine tool division for about 200 billion won

SMEC (SMEC Co., Ltd.) is in talks to acquire Hyundai WIA's machine tool division. The deal value is estimated at around 200 billion won (approx. 300 billion won range). The acquisition is expected to close by end of 2024.

- Type: Acquisition
- Announced: 2024-09-30
- Where: South Korea
- Value: $150.0M (200.0B KRW)
- Status: announced
- Products: machine tools, CNC lathes, machining centers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [SMEC](https://endata.com/companies/16872.md) (acquirer)
- [Hyundai Wia](https://endata.com/companies/18020.md) (target)

## Sources

- [mk.co.kr](https://www.mk.co.kr/news/stock/11128737), 2024-09-30: "스맥은 최근 현대위아 공작기계사업부 인수 유력 후보로 떠오르며 매각 측과 관련 논의를 이어가고 있다."

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