# Hankook Tire to acquire 50.53% stake in Hanon Systems for KRW 1.73 trillion

Hankook Tire & Technology has decided to acquire a 50.53% stake in Hanon Systems, a global automotive thermal energy management company, from Hahn & Company and through a rights offering, for a total of KRW 1.733 trillion. The acquisition is expected to close by the end of 2024.

- Type: Acquisition
- Announced: 2024-05-08
- Where: South Korea
- Value: $1.30B (1733.0B KRW)
- Status: announced
- Products: automotive thermal energy management systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hanon Systems](https://endata.com/companies/2556.md) (target)
- [Hahn & Company](https://endata.com/companies/25124.md) (partner)
- [Hankook Tire & Technology](https://endata.com/companies/48464.md) (acquirer)

## Sources

- [ir.newspim.com](https://ir.newspim.com/news/view/20240508000551), 2024-05-08: "한국타이어는 지난 3일 이사회를 열고 사모펀드(PE) 운용사 한앤컴퍼니의 한온시스템 보유 지분 25%와 유상증자를 통해 발행되는 신주 12.2%를 총 1조7330억원에 인수하기로 결의했다."

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