# Hyundai Wia to sell machine tool business to Lilson PE and SMAC consortium for 340 billion KRW

Hyundai Wia announced on October 10, 2024, that it has selected the Lilson Private Equity and SMAC consortium as the preferred negotiation partner to sell its machine tool business division for approximately 340 billion KRW.

- Type: Acquisition
- Announced: 2024-10-10
- Where: South Korea
- Value: $252.0M (340.0B KRW)
- Status: announced
- Products: machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hyundai Wia](https://endata.com/companies/18020.md) (target)
- [SMAC](https://endata.com/companies/76030.md) (acquirer)
- [Lilson Private Equity](https://endata.com/companies/80348.md) (acquirer)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2024101018305334293), 2024-10-10: "We have selected the Lilson Private Equity and SMAC consortium as the preferred negotiation partner for this deal."

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