Hyundai Mobis Signs $443 Million Deal to Sell Lamp Unit to France's OPmobility
8 Articles
8 Articles
DECRYPTAGE - Equipment manufacturer will acquire part of the business of the Korean Hyundai Mobis. The turnover acquired, about 1.6 billion euros, will enable him to enter the world's top 5 in the sector.
Hyundai Mobis signs $443 million deal to sell lamp unit to France's OPmobility
Hyundai Mobis, Korea's biggest auto parts maker, said Wednesday it has signed a deal to sell its lamp unit to French auto parts maker OPmobility for 600 billion won ($443 million) following its spin-off in April. Under the deal, Hyundai Mobis will sell its 100 percent stake in the lamp division to OPmobility as part of efforts to secure a sustainable growth base and better respond to the rapidly changing mobility market, the company said in a pr…
Hyundai Mobis's sale of its lamp business, which has been pursued since the beginning of the year, has entered its final stages following the signing of a definitive agreement. This is part of a business restructuring aimed at divesting the low-profit lamp business and concentrating capabilities on future mobility businesses, such as electrification and Software-Driven Vehicles (SDVs). Hyundai Mobis announced on the 30th that it held an extraord…
(Seoul = Yonhap News) Reporter Jang Hana = The sale of Hyundai Mobis's lamp business, which the company has been pursuing since the beginning of the year for the purpose of 'selection and concentration,' is nearing completion.
OP Mobility announced on the 30th that it has signed a final agreement to acquire a 100% stake in Hyundai Mobis's lamp business for 600 billion won. OP Mobility CEO Félicie Burelle and Hyundai Mobis President Lee Kyu-suk signed the agreement in Seoul today. "On behalf of OP Mobility, I look forward to welcoming the employees of Hyundai Mobis's lamp business as new colleagues," said OP Mobility CEO Félicie Burelle. "This acquisition will further…
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