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SMEC (SMACK) acquired Hyundai Wia's machine tool division for approximately 340 billion won, jointly with private equity firm Rilson PE. SMEC invested 118.3 billion won for a 34.8% stake.
“SMEC announced on the 19th that it acquired Hyundai Wia's machine tool division for approximately 340 billion won.”venturesquare.net
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