Kosdaq-Listed MECARO Acquires Samil Tech for $27M to Expand Semiconductor Equipment Business

According to Chosun Biz, on July 15, Kosdaq-listed semiconductor components maker MECARO agreed to acquire 100% of private company Samil Tech for approximately 356 billion Korean won (roughly $27 million). The company will fund the entire acquisition using its cash reserves without incurring additional debt or issuing new shares, with full payment scheduled for July 31.

MECARO also announced plans to invest 14.1 billion Korean won in convertible bonds from private semiconductor equipment manufacturer Lambda Micro. The company cited Samil Tech's precision manufacturing capabilities, long-standing customer relationships, and operational flexibility as key reasons for the acquisition.