Feb 3, 2021ACQUISITIONSouth Korea Mando agrees to acquire Mando Hella Electronics for KRW 165 billion
Mando signed a share purchase agreement to acquire 100% of Mando Hella Electronics (MHE), a joint venture between Halla Holdings and HELLA, for KRW 165 billion. The transaction is expected to close in Q1 2021.
Value
$148.0M (165.0B KRW)
ProductsADAS radarselectronic control unitssensors
“Mando has signed a share purchase agreement (SPA) to acquire 100% of the equity in MHE, a joint venture between Halla Holdings of Korea and HELLA.”prnewswire.com
- 3 sources
- prnewswire.comMando agrees to acquire Mando Hella Electronics (MHE) and expects synergy in the autonomous driving businessMandoFeb 3, 2021
- kedglobal.comMando acquires JV to boost footing in autonomous vehicle industry - KED GlobalByung-wook DoFeb 4, 2021
- aftermarketnews.comMando To Acquire Mando Hella ElectronicsaftermarketNews StaffFeb 9, 2021
Summarized from public sources; check the original articles before acting on it.
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