EDAC Buy Expands Hanwha Global Engine Component Reach
The $300 million acquisition is part of an overarching plan by Hanwha to grow globally through up to $3.36 billion in investment.

South Korea-based Hanwha Aerospace is increasing its global presence with a $300 million acquisition of engine component company EDAC Technologies. Assisted by investment banker Lazard Aerospace & Defense Group, the recently announced acquisition gives Hanwha a key U.S.-based supplier in the aircraft engine chain and furthers its stated goal of strengthening its global reach through investments of up to KRW4 trillion ($3.36 billion).


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