Smac Co. Ltd. agreed to acquire Dreamtech Autimotive Co., Ltd. from DREAMTECH Co., Ltd. for KRW 24.9 billion.
September 13, 2021
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Smac Co. Ltd. (KOSDAQ:A097780) agreed to acquire Dreamtech Autimotive Co., Ltd. from DREAMTECH Co., Ltd. (KOSE:A192650) for KRW 24.9 billion on September 13, 2021. Dreamtech Autimotive has a total assets of KRW 54,952 million, total debt of KRW 22,759 million, total equity of KRW 32,193 million and net income of -6,469 million in 2020.
Expected date of acquisition is on September 30, 2021.
Dreamtech Co Ltd is Korea-based company mainly engaged in the manufacture and sale of electronic modules. The Company operates its business through three segments. The Information Technology (IT) and Mobile Communications (IMC) Business segment is mainly involved in the production and sale of mobile printed board assembly (PBA) modules and display panel modules. The Biometrics, Healthcare and Convergence (BHC) Business segment is engaged in the development, manufacture and sale of fingerprint sensor modules, healthcare and medical device products and convergence products combined with IT. The Automotive Electronics and Sensors (AES) Business segment mainly provides automotive light emitting diode (LED) lamp modules.
DREAMTECH CO., LTD. 