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HanmiGlobal Acquires Lake Oswego's Otak

The Portland Business Journal, June 10, 2011

By: Wendy Culverwell

A Korean construction giant has acquired a majority stake in Otak, Inc., a prominent Lake Oswego architecture firm.

HanmiGlobal Co. Ltd., a Seoul, South Korea-based construction and project management firm, acquired Otak in a deal that closed Thursday.

Terms were not disclosed, but news service Asia Pulse said HanmiGlobal bought a 60 percent stake in Otak, which recorded $55.6 million in sales in 2010...

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