RN2 Technologies Acquires HRZ to Secure New Growth Engines Through Entry Into Investment Business

RN2 Technologies, a manufacturer of multilayer ceramic substrates, is securing new growth engines by acquiring HRZ, a company engaged in new technology business finance.

On July 29, RN2 Technologies announced that on July 25, it acquired 10,585,768 shares of HRZ for 10 billion KRW. The counterparty to the transaction is Dabo Joongang, and the entire acquisition fund was sourced from RN2 Technologies' own capital.

With this acquisition, RN2 Technologies has secured a 100% stake in HRZ. HRZ is a company primarily engaged in new technology business finance, aiming to discover promising small and venture companies with technological capabilities, inject capital, and realize profits through increased corporate value. HRZ has invested in companies in the gaming and bio-medical solutions sectors and currently holds 8.7 billion KRW in cash-equivalent assets, maintaining a stable financial structure. HRZ plans to reorganize its team of investment managers responsible for identifying and executing new investments and to begin full-scale new investments within the year.

New technology business finance companies are seeing steady demand for market entry due to relatively flexible investment scopes and structures favorable to venture investment, and mergers and acquisitions (M&A) activity is also active. RN2 Technologies noted that, considering the current competition and demand in the new technology business finance market, this acquisition was achieved at a relatively reasonable price, making it significant.

Through this acquisition, RN2 Technologies aims to move beyond its existing manufacturing base and expand into the finance and investment sectors, thereby establishing a foundation for long-term growth. The company also plans to leverage HRZ's expertise and network to identify various investment opportunities and strengthen collaboration with promising technology companies.

A representative from RN2 Technologies stated, "We decided on this acquisition as a proactive measure to advance our business structure and secure new growth drivers for sustainable growth," adding, "We expect this transaction to contribute to the expansion of our business areas and improvement of profitability, ultimately leading to an increase in corporate value."