DH Global to acquire Daesung Eltec
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- —
- Stake
- —
- Implied 100%
- —
- Revenue
- $230m
- Op. income
- -$3m
- Multiples
- —
2021 연결 · Multiple reports agree
2021 연결 · Multiple reports agree
- Target
- Daesung Eltec · Automotive electronics (AVN)
- Buyer
- DH Global · SI
- Seller
- —
- Structure
- —
- Announced
- Jul 11, 2022
- Closed
- —
- Stage
- Announced
Target
Daesung Eltec is a KOSDAQ-listed automotive electronics maker whose main products are in-vehicle AVN (audio, video, navigation) systems, supplying Korean automakers including Hyundai-Kia and Renault Samsung.
Deal rationale
According to Dealsite, home-appliance maker DH Global said it was effectively acquiring control of Daesung Eltec to enter new businesses, having entered auto parts in 2021, with autonomous driving cited as a focus. News1 reported expectations of synergy between home appliances and automotive electronics. Seller Stic Investment, which invested in 2013, had been selling minority stakes since 2020; this old-share sale (11.5m shares, KRW 8.05bn, KRW 700/share) was reported to return about KRW 6.2bn to Stic (The Fact).
| Revenue | $230m |
| Operating income | -$3m |
| EBITDA | — |
| Net income | -$7m |
2021 연결 · Multiple reports agree (not yet checked against DART)
Press coverage
- 뉴스1 (2022-07-11): “생활가전기업 DH글로벌, 자동차 부품사 대성엘텍 인수”
- 딜사이트 (2022-07-05): “신사업 진출을 위해 대성엘텍 경영권도 실질적으로 인수한다”
- 더팩트 (2022-07-09): “신주와 구주 인수대금을 더한 총 거래금액은 약 404억 원”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.