LS Mtron Ltd

Cooper Standard has acquired 80.1 percent of LS Mtron's automotive parts business to expand its product offerings and gain a strategic partnership with LS Mtron. The acquisition adds jounce brake lines and charge air cooling technology.

LS Mtron has signed a contract to demerge its auto part unit and sell an 80.1% stake to Cooper Standard Automotive. The deal is part of LS Mtron's plan to focus on its machinery business.

Truong Hai Auto Corporation (Thaco) launched a new agricultural machine factory in Chu Lai open economic zone, Quang Nam province, Vietnam. The factory covers 12,500 m², with an investment of 500 billion VND, and will manufacture tractors, combine harvesters, and other agricultural equipment.

LS Tractor USA, an agricultural equipment distributor, will invest $11.5 million to expand its facility in Battleboro, North Carolina, creating 31 jobs over five years.

LS Group and KKR signed a partnership agreement valued at 1.05 trillion won. KKR will take a stake in LS Automotive (a JV with LS Group holding 53% and KKR 47%) and acquire LS Mtron's copper foil and thin film business through an asset transfer, creating an independent company.

KKR will acquire a 47% stake in LS Automotive and take over LS Mtron's copper foil and thin film business, with a total enterprise value of KRW 1.05 trillion.

LS Group has decided to sell its entire 100% stake in LS Automotive Corp., an automotive electronic parts maker, to private equity firm KKR & Co. for approximately 1 trillion won ($884 million) on an enterprise value basis.