# SMEC signs MOU to acquire Hyundai Wia's Machine Tool Division

SMEC Co. has signed a Memorandum of Understanding to acquire Hyundai Wia's Machine Tool Division for about 340 billion won. SMEC formed a consortium with Rylson Private Equity for the acquisition.

- Type: Acquisition
- Announced: 2025-01-14
- Where: South Korea
- Value: $233.0M (340.0B KRW)
- Status: announced
- Products: machine tools, robot automation solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [SMEC](https://endata.com/companies/16872.md) (acquirer)
- [Hyundai Wia](https://endata.com/companies/18020.md) (target)
- [Rylson Private Equity](https://endata.com/companies/80353.md) (investor)

## Sources

- [metalworkingnews.info](https://metalworkingnews.info/smec-enters-agreement-to-acquire-hyundai-wias-machine-tool-division/), 2025-01-14: "SMEC expects to solidify its position as one of the top two companies in the machine tool market."

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