M&A Deal Summary

Hankook Acquires Hanon Systems

On November 8, 2024, Hankook acquired automotive company Hanon Systems from Hahn & Company

Acquisition Highlights
  • This is Hankook’s 1st transaction in the Automotive sector.
  • This is Hankook’s 1st transaction in South Korea.

M&A Deal Summary
Date 2024-11-08
Target Hanon Systems
Sector Automotive
Buyer(s) Hankook
Sellers(s) Hahn & Company
Deal Type Divestiture

Target

Hanon Systems

Daedeok-gu, South Korea
Hanon Systems is a full-line automotive supplier of climate systems and components. Products include heating ventilation and air conditioning; compressors; powertrain cooling; fluid transport; and electric, hybrid and fuel cell vehicle thermal systems. Hanon Systems was founded in 1986 and is based in Daedeok-gu, South Korea.

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Buyer(S) 1

Buyer

Hankook

Seoul, South Korea
Category Company
Founded 2006
Sector Electrical Equipment
Revenue 1.09T KRW (2023)
DESCRIPTION

Hankook & Co. produces high-performance, high-quality batteries for various industries ranging from automotive batteries to batteries for ship and industrial batteries. Hankook & Co. was founded in 2006 and is based in Seoul, South Korea.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (South Korea) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 Preciseley

Burnaby, British Columbia, Canada

Preciseley is a fabless designer and supplier of a range of MEMS micro-mirror products with diverse applications across optical systems, telecommunications, sensors, and other fields. Preciseley was founded in 2006 and is based in Burnaby, British Columbia.

Buy -

Seller(S) 1

SELLER

Hahn & Company

Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Hahn & Company is a South Korean private equity firm focused on acquiring majority positions in companies. The Firm does not have any sector preferences and looks to have direct and active involvement in the companies acquired. Hahn & Company was formed in 2010 and is based in Seoul.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (South Korea) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-05 SsangYong C&E

Seoul, South Korea

SsangYong C&E is a cement manufacturer. SsangYong C&E was founded in 1962 and is based in Donghae, South Korea.

Buy $525M
Mergr

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