IMM Private Equity (IMM PE) will acquire diamond tool corporations Ewha Diamond Industrial.
On the 12th, according to the investment banking (IB) industry, IMM PE signed a stock purchase agreement (SPA) with the founder side of Ewha Diamond Industrial.
Ewha Diamond Industrial, founded in 1975, is Korea's No. 1 diamond tool corporations. It is also evaluated as having top-tier competitiveness in the global market. Its major customers are said to include global corporations such as Bosch and Stanley Black & Decker, as well as large corporations such as Hyundai Motor and Samsung Electronics.
IMM PE is said to be acquiring 65% equity held by the founder side for about 400 billion won. After the acquisition, the firm plans to support market share expansion by increasing R&D investment and global infrastructure.
After the acquisition, it plans to support market share expansion through increased research and development (R&D) investment and expansion of global production and sales infrastructure. While maintaining the existing organization and technology culture, it also plans to foster key talent and strengthen technological competitiveness.
Diamond tools, Ewha Diamond Industrial's main products, are devices that use diamonds to cut, grind, and machine metal. They are used in the production of automobiles and electronics, and they have a major impact on Production yield, creating a market environment in which existing customers do not easily change suppliers. In addition, with recent increases in investment in advanced manufacturing, entry into new markets also appears possible.