Kawamura Electric Acquires 75% Stake in Daeryuk Co., Ltd.
Kawamura Electric has signed an agreement to acquire a 75% stake in Daeryuk Co., Ltd., enhancing its presence in South Korea's low-voltage electrical equipment market. This acquisition aims to strengthen Kawamura's supply chain and business synergies across Asia, particularly in semiconductor and AI sectors.
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On July 30, Kawamura Electric Inc. announced a share transfer agreement to acquire 75% of Daeryuk Co., Ltd., a South Korean manufacturer of low-voltage electrical equipment. The acquisition is subject to governmental approval in South Korea, with financial details undisclosed.
This move marks Kawamura's first operational base in the country, where Daeryuk has previously supplied components for Kawamura's products. The integration aims to enhance coordination with Kawamura's subsidiaries in China, Thailand, Vietnam, and Singapore.
Additionally, the company plans to grow Daeryuk's brand in semiconductor and AI markets, anticipating significant growth in these sectors. The acquisition follows Kawamura's recent expansions in Asia, including operations in Vietnam, Singapore, and Malaysia.
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