Add-on Acquisition • Automotive

Hankook & Company Acquires Hanon Systems

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

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

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M&A Deal Summary

Date November 8, 2024
Target Hanon Systems
Sector Automotive
Buyer(s) Hankook & Company
Sellers(s) Hahn & Company
Deal Type Add-on Acquisition

Target Company

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 Overview 1

Buyer

Hankook & Company

Seoul, South Korea

Category Company
Founded 2006
Sector Electrical Equipment
Revenue 1.39T KRW (2024)
DESCRIPTION

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


Deal Context for Buyer #
Overall 2 of 2
Sector: Automotive 1 of 1
Type: Add-on Acquisition 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 Profile 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 Context for Seller #
Overall 3 of 3
Sector: Automotive 1 of 1
Type: Add-on Acquisition 2 of 2
Country: South Korea 3 of 3
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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-26 SK Enpulse - Chemical Mechanical Polishing Pads Manufacturing Division

Chungcheongnam-do, South Korea

SK Enpulse's Chemical Mechanical Polishing (CMP) Pads Manufacturing Division is a process of chemically and mechanically polishing the surface of semiconductor wafers to enhance the integration of semiconductors. SK Enpulse's Chemical Mechanical Polishing (CMP) Pads Manufacturing Division is based in Chungcheongnam-do, South Korea.

Buy $233M