Wonik Ips Co., Ltd cancelled the acquisition of parts of the display equipment business of SEMES Co. Ltd.
March 18, 2021
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Wonik Ips Co., Ltd (KOSDAQ:A240810) signed a binding memorandum of understanding to acquire parts of the display equipment business of SEMES Co. Ltd. for KRW 82 billion on August 31, 2020. Wonik Ips also aims to buy Personnel associated with the business. The consideration is subject to change.
Wonik Ips Co., Ltd (KOSDAQ:A240810) cancelled the acquisition of parts of the display equipment business of SEMES Co. Ltd. on March 19, 2021. Ernst & Young, Korea, Financial Advisory Arm acted as financial advisor to SEMES.
Wonik IPS Co Ltd is a Korea-based company principally engaged in the production and sale of equipment for manufacturing semiconductors, displays and solar cells. The Company's main products include plasma enhanced chemical vapor deposition (PECVD), ALD, diffusion thermal systems, dry etchers, low temperature poly silicon (LTPS) furnaces, pi curing, radar interface equipment (RIE) etchers. In addition, the Company sells parts necessary for equipment and device maintenance, and provides technical services.