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Hankook & Company Group completes acquisition of Hanon Systems to expand automotive portfolio

Jan 07, 2025•6 months ago

Acquiring Company

Hankook & Company

Acquired Company

Hanon Systems

DaejeonDaejeonManufacturingAutomotiveManufacturing

Description

Hankook & Company Group, a leading automotive corporation, has finalized the acquisition of Hanon Systems, a global provider of automotive thermal and energy management solutions. With this acquisition, the Group strengthens its position as a comprehensive automotive parts company and solidifies its high-tech leadership in the industry.

Company Information

Company

Hankook & Company

Location

Daejeon, Daejeon, South Korea

About

Hankook & Company is committed to providing a better life by embracing the values that matter most to us. We challenge traditional norms by approaching questions from fresh perspectives. By seeking answers and forecasting the future through cutting-edge technology, we proactively innovate, think creatively, and embrace challenges in our pursuit of meaningful advancements. Through continuous technological progress and evolving ideas, we embody innovation at every step, striving to deliver a better life for all our customers.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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