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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.
SMEC Co., Ltd announced on October 10, 2024, that it has signed a Memorandum of Understanding with a consortium including Rylson Private Equity to acquire Hyundai Wia's Machine Tool Division for approximately 340 billion won.