Solmics Co., Ltd entered into an agreement to acquire Fine ceramics business of SKC solmics Co., Ltd. for KRW 360 billion on July 10, 2023. Fine ceramics business of SKC solmics Co., Ltd. reported Total worth of KRW 215.5 billion and Revenue of KRW 202.1 billion in December 21, 2022. As on October 30, 2023 Hahn & Company entered into definitive agreement to acquire Fine ceramics business of SKC solmics Co., Ltd. The deal is expected to close in January 31, 2024.

Transaction is expected to complete on February 2, 2024. PricewaterhouseCoopers Korea, Financial Advisory Arm acted as the financial advisor to SKC solmics Co., Ltd.