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Hanon Systems Strengthens Automotive Condenser Portfolio
SEOUL, Korea, May 7, 2021 – Global automotive supplier Hanon Systems (KS: 018880) today announced it has completed the acquisition of condenser business from Keihin Corporation for certain operations in Europe and North America.
ensure a smooth transition for all stakeholders involved.”
The acquisition includes Keihin’s condenser operation in Kladno, Czech Republic, and San Luis Potosi, Mexico; and a portion of the condenser business in the U.S. Approximately 500 employees transfer to Hanon Systems in this transaction.