Hanwha Techwin Acquires Samsung C&T Automation
IRVINE, CA – Hanwha Techwin acquired Samsung C&T Automation for an undisclosed sum, effective Jan. 1.
Hanwha already owned 32.4% of Samsung Techwin from a previous deal in November 2014.
"Hanwha Group’s investment in Samsung Techwin will enable us to continue research, design, and development of innovative market leading solutions that will create new business opportunities and ensure our future growth,” said Jong Wan Lim, managing director of the Security Solution for Samsung Techwin Europe.
Hanwha Techwin plans to open a Center of Excellence in spring that will allow expansion into a 16,000 sq. ft. facility in Cypress, CA.
The COE will showcase four SMT lines, as well as machine/line/factory management software, which will be networked to all machine lines for testing, validation, training, and demonstrations.
