# SMEC acquires Hyundai Wia's machine tool division for 340 billion won

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.

- Type: Acquisition
- Announced: 2025-03-19
- Where: South Korea
- Value: $256.0M (340.0B KRW)
- Status: announced
- Products: machine tools
- 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)
- [Rilson PE](https://endata.com/companies/83597.md) (partner)
- [Lilson PE](https://endata.com/companies/83602.md) (acquirer)

## Sources

- [venturesquare.net](https://www.venturesquare.net/en/985067/), 2025-03-19: "SMEC announced on the 19th that it acquired Hyundai Wia's machine tool division for approximately 340 billion won."
- [mk.co.kr](https://www.mk.co.kr/en/stock/11267977), 2025-03-19: "Hyundai Wia announced that it would establish Weah's machine tool by dividing it into a physical division and sell it to a consortium of HM Tech (Lilson PE) and HMT Solutions (Smack) for 340 billion won."

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