Orion Technology has been acquired by Hansol Technics and Highland Equity Partners

Orion Technology, a leading manufacturer of electronic components for marine engines and diverse industrial applications, has been acquired by a consortium led by Hansol Technics and Highland Equity Partners.

Orion Technology is the global number one marine engine electronics manufacturer and the only company certified by both Everllence (formerly MAN-ES) and WinGD, the world’s leading marine engine licensors. The company specializes in low-speed marine engine controllers and supplies to major global ship engine manufacturers, including HD Hyundai Heavy Industries and Hanwha Engine. It holds an estimated 80% market share in Korea. Backed by advanced engineering capabilities and long-standing customer relationships, Orion Technology has built a strong reputation for product reliability, system stability and application-specific innovation. Beyond its core expertise in marine engine electronics, the company is actively expanding into adjacent sectors such as robotics and display control systems, broadening its technology portfolio and long-term growth potential.

Founded in 1966, Hansol Technics is a leading Korean technology company specializing in electronic components, energy solutions and electronics manufacturing services (EMS). A core affiliate of the Hansol Group, the company operates across a range of business segments, including solar modules, power supplies, smartphone parts and semiconductor components. Hansol Technics serves major global clients in the electronics, automotive and renewable energy sectors, leveraging advanced R&D and manufacturing capabilities to deliver high-quality, customized solutions.

Highland Equity Partners is a Seoul-based private equity firm focused on mid-market buy-outs and growth capital investments in Korea. The firm targets opportunities in the industrials, electronics and technology sectors, partnering with portfolio companies to drive operational improvement, scale growth and enhance long-term value. Highland adopts a hands-on investment approach, combining strategic insight with financial discipline to support sustainable performance and transformative growth.

Founded in 2007 and headquartered in Seoul, Keistone Partners is a private equity firm specializing in mid-sized buyouts and credit investments. The firm has completed over 50 investments across diverse sectors and manages approximately US$18 billion in cumulative assets under management. Keistone currently operates six blind funds, demonstrating strong fund management capabilities and a solid track record of successful exits.

Oaklins’ team in Korea acted as the exclusive sell-side advisor to Keistone Partners in the sale of Orion Technology. The transaction followed an earlier advisory mandate by a leading global investment bank, which did not result in a closing despite nearly a year of engagement. Upon taking over the mandate, the team successfully executed the deal, leveraging its extensive client network and sector expertise to facilitate a joint acquisition between strategic and financial investors. Oaklins achieved a final valuation of approximately US$100 million, exceeding the seller’s initial expectations of US$74 million, resulting in the sale of Orion Technology to Hansol Technics and Highland Equity Partners. This transaction underscores the team’s ability to deliver specialized advisory expertise in highly complex, shipbuilding-related deals. With Orion Technology now integrated into the Hansol Technics Group, the company is expected to pursue an IPO within the next two years.