Dreamtech Signs Stock Purchase Agreement to Acquire Management Stake in Namuga
Synergy expected from optical fingerprint module and VSCEL packaging capabilities

Dreamtech, a comprehensive electronic component manufacturer, has secured a foothold for entering the camera module and 3D ToF businesses by acquiring Namuga, a company specializing in camera modules.
Dreamtech announced on the 23rd through a public disclosure of its decision to acquire shares and equity securities of other companies that it has signed a stock purchase agreement to acquire the controlling stake of CEO Seo Jeong-hwa, the largest shareholder of Namu.

The stake in the transaction is 742,620 shares (21.6%) of the stock held by CEO Seo, with a transaction price of 52,414 won per share and a total transaction value of approximately 38.9 billion won.

Through this agreement, Dreamtech becomes the single largest shareholder of Namuga, and through the decision on a third-party allocation paid-in capital increase targeting CEO Seo, CEO Seo acquires 1,607,718 shares of Dreamtech stock.

Namuga is a manufacturing company with 3D sensing camera and multi-camera module technology, and is building a global sales network centered on its domestic R&D center and production bases in China and Vietnam.

Dreamtech is a comprehensive electronic components manufacturing company that develops and produces smartphone PBA modules, fingerprint sensor modules, smart medical devices, and automotive LED modules, and was listed on the stock market last March.

Kim Hyung-min Dreamtech UniversityPyo stated, “Synergy is expected between Dreamtech, which possesses optical fingerprint module business and VCSEL packaging capabilities, and Namuga.”