# KAI acquires 37.95% stake in Genoco for KRW 54.5 billion

Korea Aerospace Industries (KAI) acquired a 37.95% stake in Genoco, a company specializing in aviation electronics and satellite communication, for KRW 54.5 billion, to strengthen its satellite communication and aviation electronics capabilities.

- Type: Acquisition
- Announced: 2024-11-07
- Where: South Korea
- Value: $39.0M (54.5B KRW)
- Status: completed
- Products: satellite communication payloads, aviation electronics parts
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Korea Aerospace Industries](https://endata.com/companies/2831.md) (acquirer)
- [Genoco](https://endata.com/companies/80835.md) (target)

## Sources

- [mk.co.kr](https://www.mk.co.kr/en/business/11162527), 2024-11-07: "We expect to strengthen global competitiveness through vertical integration in satellite communication and aviation electronics."

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