Hankook Tire & Technology to acquire Preciseley Microtechnology from ACE Equity and BDC Capital for $171m.

Hankook Tire & Technology, a South Korean tire company, agreed to acquire Preciseley Microtechnology, a manufacturer of micro-electro-mechanical systems based products, from ACE Equity, a mid-market private equity firm, and BDC Capital, a venture capital firm, for $171m. "Hankook & Company’s investment in PMC is part of our S.T.R.E.A.M. growth portfolio strategy that encompasses Smart energy, Tire and core business, Rising technology, Electrification, Automation and Mobility. We welcome the PMC team and look forward to supporting the company’s expansion into new high-growth applications," Hyunbum Cho, Hankook CEO.