OPmobility Buys Hyundai Mobis Unit
Car parts supplier OPmobility has agreed to purchase the lighting business of Hyundai Mobis for 443 million dollars. The acquisition aims to expand the French firm presence in Asia and North America while deepening its ties with major automakers.
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OPMOBILITY agreed to buy HYUNDAI MOBIS CO LTD's lighting business for 600 billion Korean won ($443 million) on Wednesday. The deal aims to offset weak European demand by expanding the France-based car parts maker's footprint in Asia and North America. Automotive lighting has emerged as a key growth driver due to its expanding role in vehicle design and safety.
