Hyundai Motor Group Consolidates Defense Business Under Hyundai Rotem

Hyundai Motor Group announced a policy to consolidate its defense business under Hyundai Rotem and disclosed on the 19th the details of a transaction to acquire Hyundai Wia's defense division for KRW 358.4 billion.

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The story

Hyundai Motor Group announced a policy to consolidate its defense business under Hyundai Rotem as part of its defense-business integration.

The transaction involves Hyundai Wia's defense division, with Hyundai Rotem acquiring the division for KRW 358.4 billion.

The move was announced on the 19th and involves a restructuring of the group's defense-related businesses.

At a glance

EventAnnounced a policy to consolidate its defense business under Hyundai Rotem

AmountAcquire Hyundai Wia's defense division for KRW 358.4 billion

CategoryThe acquisition target is Hyundai Wia's defense division

DateAnnounced on the 19th

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