Hanwha Solutions Corporation agreed to acquire WOS Co., Ltd. from Wave Electronics Co., Ltd. for KRW 60 billion.
July 28, 2021
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Hanwha Solutions Corporation (KOSE:A009830) agreed to acquire WOS Co., Ltd. from Wave Electronics Co., Ltd. (KOSDAQ:A095270) for KRW 60 billion on July 29, 2021. KRW 3 billion is paid as a down payment on the date of contract signing and remaining KRE 57 billion will be paid as the balance on the closing date of the transaction. For the year ended on March 31, 2021.
WOS Co., Ltd. reported total assets of KRW 6.230 billion, Total debt of KRW 4.645 billion, total equity of KRW 1.585 billion. The transaction is expected to close on August 20, 2021.
Wave Electronics Co., Ltd. is a Korea-based company engaged in the manufacture of wireless and wired communication equipment. The Companyâs products consist of amplifiers for base stations, such as digital predistortion amplifiers, analog amplifiers and radio frequency (RF) transceiver units; repeater amplifiers, including code division multiple access (CDMA) products, wideband CDMA (WCDAM) products, worldwide interoperability for microwave access (WIMAX) products and digital multimedia broadcasting (DMB) products, and radio frequency (RF) transceiver units, such as radio remote head (RRH) products, which are used for WIAX, CDMA, WCDMA and long term evolution (LTE). On June 12, 2013, the Company merged with its wholly owned subsidiary, engaged in the research and production of repeater parts.
WAVE ELECTRONICS CO., LTD. 
