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SK Innovation to absorb SK IE Technology in merger

PRIVATEOct 14, 2026

Acquiring Company

SK Innovation

Acquired Company

SK IE Technology

South KoreaSouth KoreaEnergyOil And GasRenewable EnergyBiomass EnergyManufacturingEnergyRenewable Energy

Description

SK Innovation has set a shareholder vote for November 24, 2026, to approve its absorption merger with SK IE Technology. The merger ratio is fixed at 1:0.1174540, meaning each SK IE Technology share will convert to SK Innovation shares. Following the merger, SK IE Technology will be dissolved as SK Innovation continues its operations. The planned effective date of the merger is January 1, 2027.

Company Information

Company

SK Innovation

Location

South Korea

About

SK Innovation is South Korea's leading energy company focused on sustainable energy solutions. The company engages in various segments including oil, petrochemicals, and energy resources. It aims to innovate and lead in green energy technologies while improving its overall business strategy.

Fundz sees it the moment SK Innovation makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired SK IE Technology?

SK IE Technology was acquired by SK Innovation, based in South Korea. The deal was reported on October 14, 2026. SK Innovation is South Korea's leading energy company focused on sustainable energy solutions. The company engages in various segments including oil, petrochemicals, and energy resources. SK Innovation is privately held and operates in Energy.

When did SK Innovation acquire SK IE Technology?

SK Innovation's acquisition of SK IE Technology was reported on October 14, 2026. SK Innovation has set a shareholder vote for November 24, 2026, to approve its absorption merger with SK IE Technology. The merger ratio is fixed at 1:0.1174540, meaning each SK IE Technology share will convert to SK Innovation shares. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does SK IE Technology do?

SK IE Technology specializes in manufacturing battery separators critical for electric vehicle batteries. The company has faced financial challenges due to declining demand in the electric-vehicle sector. It is privately held, operating in Manufacturing, and is based in South Korea.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.