# Hankook & Company Group finalizes acquisition of Hanon Systems

Hankook & Company Group, through Hankook Tire & Technology, resolved to acquire a majority stake in Hanon Systems, a global automotive thermal management company. The board approved the acquisition on September 30, 2024, with plans to increase its stake to 54.77%.

- Type: Acquisition
- Announced: 2024-09-30
- Where: Seoul, South Korea
- Value: $920.0M (1230.0B KRW)
- Status: announced
- Products: automotive thermal 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) (investor)
- [Hahn & Company](https://endata.com/companies/25124.md) (partner)
- [Hankook Tire & Technology](https://endata.com/companies/48464.md) (acquirer)
- [Hankook & Company Group](https://endata.com/companies/80139.md) (acquirer)

## Sources

- [ir.newspim.com](https://ir.newspim.com/news/view/20240930001004), 2024-09-30: "이번 인수로 한국앤컴퍼니그룹은 글로벌 자산 총액 26조원 규모로 국내 재계 30대 그룹에 진입한다."
- [ir.newspim.com](https://ir.newspim.com/news/view/20241101000231), 2024-11-01: "한국앤컴퍼니그룹(회장 조현범)은 지난달 31일 한온시스템 인수 본계약인 주식매매계약(SPA)을 한앤컴퍼니(한앤코)와 체결했다고 1일 밝혔다."
- [koreaherald.com](https://www.koreaherald.com/article/3844947), 2024-11-01: "With the combined assets of the two companies, we aim to secure a strong, leading position in the electric vehicle era."
- [hankooktire-mediacenter.com](https://www.hankooktire-mediacenter.com/press-release/news/hankook-company-group-acquires-hanon-systems), 2024-11-11: "Hankook & Company Group finalised a share purchase agreement (SPA) with Hahn & Company to acquire Hanon Systems on 31 October"

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