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Hanwha Engine acquires Seam AS for W290 billion

PRIVATEDec 19, 2025•6 months ago

Acquiring Company

Hanwha Engine

Acquired Company

Seam AS

South KoreaNorwayManufacturingEnergy

Description

Hanwha Engine will acquire Seam AS, a Norwegian maritime technology firm, for approximately 290 billion won. This acquisition marks Hanwha's entry into the Northern European maritime market. Seam AS specializes in electric propulsion systems for ships and holds a 40 percent market share in Norway. The acquisition aims to expand Hanwha's maritime propulsion solutions and meet the growing demand for eco-friendly vessels.

Company Information

Company

Hanwha Engine

Location

South Korea

About

Hanwha Engine is a marine engine producer under Hanwha Group. The company specializes in providing innovative engine solutions for the maritime industry. Recently, it has focused on expanding into the maritime technology market in Northern Europe. Hanwha Engine is committed to enhancing the eco-friendliness of maritime operations.

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Strategic

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed