Add-on Acquisition • Automotive

LG and LG Acquire ZKW Group

On April 26, 2018, LG and LG acquired automotive company ZKW Group

Acquisition Context
  • This is LG’s 1st and LG’s 1st transaction in the Automotive sector.
  • This is LG’s 1st and LG’s 1st transaction in Austria.

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M&A Deal Summary

Date April 26, 2018
Target ZKW Group
Sector Automotive
Buyer(s) LG
LG
Deal Type Add-on Acquisition

Target Company

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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Buyers Overview 2

Buyer

LG

Seoul, South Korea

Category Company
Founded 1958
Sector Electronics
Employees33,730
Revenue 87.73T KRW (2024)
DESCRIPTION
LG office in San Jose, California.
LG office in San Jose, California.

LG is a South Korean holding company. Its principal activities include the manufacture of electronics and chemicals. LG was founded in 1958 and is based in Seoul, South Korea.


Deal Context for Buyer #
Overall 2 of 6
Sector: Automotive 1 of 1
Type: Add-on Acquisition 1 of 3
Country: Austria 1 of 1
Year: 2018 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-21 Hankuk Electric Glass Co.

Gumi-si, South Korea

Hankuk Electric Glass Co. Ltd. is a manufacturer and seller of glass for color television and computer monitor Braun tubes.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-27 GeoPark - Colombia and Chile Oil and Gas Assets

Santiago, Chile

GeoPark Ltd. - Colombia and Chile Oil and Gas Assets consist of multiple hydrocarbon blocks and associated oil and gas production and reserves, including the Llanos 34 block (GeoPark operated, 45% WI) in Colombia. This acquisition will also help streamline financial, tax, organizational, and cost structures.

Buy $81M
Buyer

LG

Seoul, South Korea

Category Company
Founded 1947
Sector Electronics
Employees194
Revenue 7.18T KRW (2024)
DESCRIPTION

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


Deal Context for Buyer #
Overall 4 of 5
Sector: Automotive 1 of 1
Type: Add-on Acquisition 3 of 4
Country: Austria 1 of 1
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-21 Pantos Logistics Co.

Seoul, South Korea

Pantos Logistics Co., Ltd. is a provider of logistic services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 Cybellum

Tel Aviv, Israel

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.

Buy -