An agreement has been signed which will see the controlling shareholders of Samsung Techwin, including Samsung Electronics, Samsung C&T and other Samsung Group affiliates, sell their holding stakes in Samsung Techwin to Hanwha Group.

“Hanwha Group’s investment in Samsung Techwin will enable us to continued research, design and development of innovative market leading solutions that will create new business opportunities and ensure our future growth,” said Han Soo Jung, Executive Vice President, General Manager of the Security Solution for Samsung Techwin. “Customers can be assured that it is ‘business as usual’ and that there will be absolutely no disruption to the supply of products or to the normal high levels of pre and post sales support that customers have come to expect from Samsung Techwin.”