# KRAH Group and HyoSeong Electric to acquire HKR Seuffer Automotive

A consortium of KRAH Group and HyoSeong Electric will acquire the business operations of insolvent HKR Seuffer Automotive. KRAH will acquire a 50% stake in the Chinese joint venture Shanghai Krah Seuffer Electronics Co Ltd. The transaction is expected to be completed in April 2019.

- Type: Acquisition
- Announced: 2019-03-19
- Where: Kupferzell and Bitterfeld-Wolfen, Germany, Germany
- Status: announced
- Products: power electronics for automotive
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hyoseong Electric](https://endata.com/companies/19422.md) (acquirer)
- [KRAH Group](https://endata.com/companies/38084.md) (acquirer)
- [HKR Seuffer Automotive](https://endata.com/companies/38085.md) (target)

## Sources

- [fgs.de](https://www.fgs.de/en/news-and-insights/news/flick-gocke-schaumburg-advises-krah-group-on-acquisition-of-hkr-seuffer-through-a-joint-venture-with-hyoseong), 2019-03-19: "A consortium of bidders from the German KRAH Group and Korean HyoSeong Electric will acquire the business operations of insolvent HKR Seuffer Automotive."
- [mcdermottlaw.com](https://www.mcdermottlaw.com/news/mcdermott-advises-hyoseong-on-takeover-of-hkr-seuffer-together-with-krah-group/), 2019-03-21: "The parties have agreed not to disclose the purchase price."

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