# Johnson Electric to increase stake in Halla Stackpole Corporation to 80%

Johnson Electric signed an agreement to acquire an additional 50% equity interest in Halla Stackpole Corporation for KRW 93.9 billion (about US$83.8 million), increasing its ownership to 80%. HSC is a supplier of powder metal components to the automotive industry in Asia.

- Type: Acquisition
- Announced: 2017-03-21
- Where: Ochang, Korea, 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

- [Halla Holdings Corporation](https://endata.com/companies/16919.md) (partner)
- [Halla Stackpole](https://endata.com/companies/16920.md) (target)
- [Johnson Electric Holdings Limited](https://endata.com/companies/22983.md) (acquirer)

## Sources

- [media-outreach.com](https://www.media-outreach.com/news/hong-kong/2017/03/21/3147/johnson-electric-to-increase-ownership-interest-in-halla-stackpole-corporation-to-80/), 2017-03-21: "This is an attractive opportunity to increase the Group's exposure to the rapidly growing powder metal market in Asia."

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