SC Engineering Co., Ltd completed the acquisition of remaining 36.38215% stake in Cellontech Co., Ltd. from SEWON E&C CO., Ltd..
October 19, 2022
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SC Engineering Co., Ltd (KOSE:A023960) entered into an agreement to acquire remaining 36.38215% stake in Cellontech Co., Ltd. from SEWON E&C CO., Ltd. (KOSE:A091090) for KRW 8.3 billion on September 1, 2022. The acquisition is expected to be closed on October 19, 2022.
SC Engineering Co., Ltd (KOSE:A023960) completed the acquisition of remaining 36.38215% stake in Cellontech Co., Ltd. from SEWON E&C CO., Ltd. (KOSE:A091090) on October 19, 2022.
Sewon E&C Co Ltd, formerly Sewon Cellontech Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of process equipment. The Company operates its business through three segments. The Process Equipment Business segment is engaged in the design and manufacture of process equipment such as heat exchangers and reactors, among others. This segmentâs products are used in petrochemicals, oil and gas, power generation, among others. The Power Limb Business segment produces and supplies power limb such as pumps, valves, cylinders and others. This segmentâs products are used in automobile equipment, machine tools and steel equipment, among others. The Other Business segment manufactures glass lining equipment, centrifuges and others.
SEWON E&C CO., LTD. 