# 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.

- Type: Acquisition
- Announced: 2021-02-03
- Where: South Korea
- Value: $148.0M (165.0B KRW)
- Status: announced
- Products: ADAS radars, electronic control units, sensors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Halla Holdings Corporation](https://endata.com/companies/16919.md) (partner)
- [Mando](https://endata.com/companies/23726.md) (acquirer)
- [Hella Group](https://endata.com/companies/26970.md) (partner)
- [Mando Hella Electronics](https://endata.com/companies/53018.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/mando-agrees-to-acquire-mando-hella-electronics-mhe-and-expects-synergy-in-the-autonomous-driving-business-301220992.html), 2021-02-03: "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."
- [kedglobal.com](https://www.kedglobal.com/us/mergers-acquisitions/newsView/ked202102030008), 2021-02-04: "This deal will boost Mando’s autonomous driving technology."
- [aftermarketnews.com](https://www.aftermarketnews.com/mando-to-acquire-mando-hella-electronics/), 2021-02-09: "With the complete takeover of MHE, Mando has reinforced its ability to develop and mass-produce automotive electronic components such as control units, sensors, and etc., which is an opportunity for Mando to expand its global presence."

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