Hansol Technics to Acquire Semiconductor SME 'iWons'... Management Rights Purchased for 127.5 Billion KRW

[Asia Economy Reporter Lee Junhyung] Hansol Technics announced on the 3rd that it will acquire the semiconductor company Iwons.

Hansol Technics will acquire 34.47% of Iwons' shares for approximately 127.5 billion KRW. Once the acquisition is completed, Hansol Technics will become the largest shareholder of Iwons. The company plans to expand its business area into the semiconductor market starting with the acquisition of Iwons.

Iwons, established in 1993 and listed on KOSDAQ in 2013, is a semiconductor parts and equipment company. Iwons is one of the main clients of Applied Materials, the global No.1 semiconductor equipment company based in the United States. It is evaluated to have considerable technological competitiveness by directly processing parts for semiconductor equipment that require high precision and durability, as well as establishing an integrated system capable of processes such as cleaning and coating.

Iwons recorded consolidated sales of 120.3 billion KRW and operating profit of 24.2 billion KRW up to the third quarter of this year.