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Hankook & Company acquires Hanon Systems

Some 180 days after signing a memorandum of understanding with Hahn & Company in May, on 31 October Hankook & Company Group (formerly Hankook Tire Group) entered into share purchase agreements for the acquisition of Hanon Systems Co. Ltd. The company has executed the acquisition through its core business, Hankook Tire & Technology (Hankook Tire), and now holds a 54.77 per cent stake in Hanon Systems.

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Related news:

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  4. Hankook Tire becomes majority shareholder of Hanon Systems
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Hankook Tire becomes majority shareholder of Hanon Systems

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Hankook Tire & Technology Co., Ltd is now majority shareholder in South Korean automotive parts manufacturer Hanon Systems Co., Ltd., following approval from regulatory bodies such as the European Commission. Hankook Tire holds a 50.53% stake in Hanon Systems.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

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  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

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Related news:

  1. Hankook inaugurates Technoring
  2. Hankook Tire invests in e-commerce platform Carmerce
  3. Hankook Tire gains CDP Carbon Management Sector Honors
  4. Hankook subsidiary partnering on AR development
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