# Johnson Electric acquires additional 50% stake in Halla Stackpole

Johnson Electric International (UK) Limited agreed to acquire 50% of Halla Stackpole from Halla Holdings Corporation for 93.854 billion KRW (about $83.8 million), increasing its stake from 30% to 80%.

- Type: Acquisition
- Announced: 2017-03-21
- Where: Ochang, South Korea
- Value: $83.8M (93.9B KRW)
- Status: announced
- Products: powder metal components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Johnson Electric International (UK) Limited](https://endata.com/companies/16918.md) (acquirer)
- [Halla Holdings Corporation](https://endata.com/companies/16919.md) (partner)
- [Halla Stackpole](https://endata.com/companies/16920.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/47962.html), 2017-03-21: "以总代价938.54亿韩圆(约8380万美元)收购汉拿世特科企业的50%股权"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.