# BH to acquire LG Electronics' in-car wireless charging business

BH will acquire LG Electronics' in-car handset wireless charging business unit for 136.7 billion won, forming a new subsidiary BH EVS. The acquisition is expected to complete in August.

- Type: Acquisition
- Announced: 2022-03-28
- Where: South Korea
- Value: $112.0M (136.7B KRW)
- Status: announced
- Products: in-car handset wireless charging units
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [LG Electronics](https://endata.com/companies/11457.md) (target)
- [BH](https://endata.com/companies/61913.md) (acquirer)
- [DKT](https://endata.com/companies/61914.md) (partner)

## Sources

- [thelec.net](https://www.thelec.net/news/articleView.html?idxno=3944), 2022-03-28: "BH will be forming a new subsidiary called BH EVS that will acquire all sales rights from the business unit for 136.7 billion won."

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