Hanwha completed the acquisition of Daewoo Shipbuilding & Marine Engineering.

Hanwha, a business conglomerate, completed the acquisition of Daewoo Shipbuilding & Marine Engineering, a shipbuilder. Financial terms were not disclosed. “With their numerous strengths, the employees at Hanwha Ocean have built the company into a world-class leader at Okpo Bay, while Hanwha has a robust track record of delivering growth in key business areas by creating synergy and amplifying the strengths of newly acquired companies,” Hyek Woong Kwon, Hanwha Ocean CEO.