Hanwha Ocean completes acquisition of 21.5% stake in Dynamac Holdings to expand global offshore plant business
Acquiring Company
Hanwha Group
Acquired Company
Dynamac Holdings
Seoul
SingaporeManufacturingManufacturingEnergyOil And GasDescription
Hanwha Ocean has acquired a 21.5% stake in Dynamac Holdings, a Singapore-listed offshore plant superstructure design and manufacturing company. The acquisition, which amounts to approximately 91 billion won, strengthens Hanwha Ocean's global offshore plant business and production capacity, allowing the company to effectively respond to the increasing demand for floating offshore plants and gain a competitive advantage in the global market.
Quick answer
Hanwha Group is acquiring Dynamac Holdings, announced May 12, 2024. Hanwha Group is based in Seoul, Seoul, South Korea.
- How much did Hanwha Group pay for Dynamac Holdings?
- The deal value was not disclosed.
- What does Hanwha Group do?
- Hanwha Group, founded in 1952, is a Fortune Global 500 company and South Korea's seventh largest business group with a diversified business portfolio covering green energy, materials, aerospace, ocean & mechatronics,..
- Where are Hanwha Group and Dynamac Holdings based?
- Hanwha Group is based in Seoul, Seoul, South Korea. Dynamac Holdings is based in Singapore.
- Who are the decision-makers at Hanwha Group?
- Fundz holds 3 contacts at Hanwha Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Dynamac Holdings?
Dynamac Holdings was acquired by Hanwha Group, based in Seoul. The deal was reported on May 12, 2024. Hanwha Group is privately held and operates in Manufacturing.
When did Hanwha Group acquire Dynamac Holdings?
Hanwha Group's acquisition of Dynamac Holdings was reported on May 12, 2024. Hanwha Ocean has acquired a 21.5% stake in Dynamac Holdings, a Singapore-listed offshore plant superstructure design and manufacturing company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Dynamac Holdings do?
It is privately held, operating in Manufacturing, and is based in Singapore.
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