M&A Deal Summary

LG Acquires Cybellum

On September 23, 2021, LG acquired information technology company Cybellum

Acquisition Highlights
  • This is LG’s 1st transaction in the Information Technology sector.
  • This is LG’s 1st transaction in Israel.

M&A Deal Summary
Date 2021-09-23
Target Cybellum
Sector Information Technology
Buyer(s) LG
Deal Type Add-on Acquisition

Target

Cybellum

Tel Aviv, Israel
website
Cybellum enables automotive OEMs and their suppliers to continuously manage their cyber security risks that include automate vulnerability assessment and management from development to post-production, gain visibility and control over your software component supply chain, centralize cyber security management via a CSMS for the automotive industry and accelerate compliance with automotive cyber security standards and regulations (e.g. WP.29 and ISO 21434) and organizational security policies. Cybellum was formed in 2016 and is based in Tel Aviv, Israel.

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Buyer(S) 1

Buyer

LG

Seoul, South Korea

website

Category Company
Founded 1947
Sector Electronics
Employees187
Revenue 6,632.1B KRW (2020)
DESCRIPTION

LG Corp. engages in the marketing of electric and electronic components, resins, paintings, steels, machineries, as well as helicopters and helicopter parts. The Company operates its businesses within domestic market and in overseas markets. LG was founded in 1947 and is based in Seoul, South Korea.

DEAL STATS #
Overall 5 of 5
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (Israel) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-26 ZKW Group

Wieselburg, Austria

ZKW Group GmbH is an automotive lighting and headlight systems provider. ZKW Group GmbH was established in 1938 and is based in Wieselburg, Austria.

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