Samsung Electronics and Affiliates Will Sell Samsung Techwin Shares to Hanwha Group
Samsung Electronics agreed to sell its shares of Samsung Techwin to Hanwha Group. With the stock purchase, Hanwha Group will become Samsung Techwin’s largest shareholder, strengthening Hanwha Group’s position in the defense and security industry. The news of the agreement comes on the heels of a record sales year for Samsung Techwin in the U.S., as the company continues to design and sell video surveillance solutions.