# Webasto acquires joint venture partner Donghee's shares in Webasto Donghee

Webasto Group bought the shares of its joint venture partner Donghee, making Webasto Donghee a wholly owned subsidiary. The acquisition is the largest in Webasto's history.

- Type: Acquisition
- Announced: 2019-04-10
- Where: Ulsan, South Korea, South Korea
- Status: announced
- Products: panorama roofs, roof systems, battery systems, charging solutions, electrical heating systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Webasto](https://endata.com/companies/5520.md) (acquirer)
- [Donghee](https://endata.com/companies/38642.md) (target)
- [Webasto Donghee](https://endata.com/companies/38643.md) (target)

## Sources

- [automotiveworld.com](https://www.automotiveworld.com/news-releases/webasto-buys-shares-from-south-korean-joint-venture-partner/), 2019-04-10: "This investment is an important step in strengthening our position as a systems partner to the automotive industry in the growth market of 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.