SM Heavy Industries Co., Ltd. agreed to acquire LIS Co., Ltd.

LIS Co Ltd is a Korea-based company engaged in the laser equipment for semiconductors and displays. The Company operates its business through two segments. The Machine Facility segment mainly produces display equipment, including active matrix organic light emitting diode (AMOLED) cell sealing machines, liquid crystal display (LCD) laser trimming systems, cutting machines and light guide plate (LGP) engraving machines; solar cell equipment, including solar cell in-glass marking systems, solar cell isolation systems and solar cell silicon-wafer tab bonding systems; semiconductor equipment, including laser de-junk systems and laser drilling systems, and marking equipment, including fiber laser marking systems and carbon dioxide (CO2) laser marking systems. The Cosmetics segment mainly produces cosmetic products, and drugs. In addition, the Company also manufactures electric vehicle battery packs.