# LG Electronics acquires 70% stake in automotive lighting company ZKW Group

LG Electronics, together with parent LG Corp., is acquiring ZKW Group, a premium automotive lighting and headlight systems provider, for over EUR 1.1 billion. LG Electronics will hold a 70% stake and LG Corp. the remaining 30%.

- Type: Acquisition
- Announced: 2018-04-26
- Where: Wieselburg, Austria, Austria
- Value: $1.35B (1.10B EUR)
- Status: announced
- Products: automotive lighting systems, headlights, LED headlamps, laser headlights
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [LG Electronics](https://endata.com/companies/11457.md) (acquirer)
- [LG](https://endata.com/companies/20291.md) (acquirer)
- [ZKW Group](https://endata.com/companies/31566.md) (target)

## Sources

- [lg.com](https://www.lg.com/global/business/insights/mobility/news/20180426-company-lg-zkw-lighting-acquisition/), 2018-04-26: "The Board of Directors of LG Electronics (LG) approved the acquisition of leading automotive lighting and headlight systems provider ZKW Group, capping a deal worth more than EUR 1.1 billion"
- [koreaherald.com](https://www.koreaherald.com/article/1656992), 2018-04-26: "LG Electronics and its holding company LG Corp. announced Thursday they had acquired a 100 percent stake in Austrian automotive light maker ZKW Group for some 1.44 trillion won ($1.33 billion)."

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