OPmobility to acquire 100% of Hyundai Mobis automotive lighting business for KRW 600bn
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- $414m
- Stake
- 100%
- Implied 100%
- $414m
- Revenue
- $1.7bn
- Op. income
- —
- Multiples
- PSR 0.2x
Deal value ÷ stake (structure unconfirmed)
2025 · Multiple reports agree
2025 · Multiple reports agree
On implied equity value
- Target
- Hyundai Mobis automotive lighting business · Automotive lighting components
- Buyer
- OPmobility · SI
- Seller
- Hyundai Mobis
- Structure
- —
- Announced
- Sep 30, 2026
- Closed
- —
- Stage
- Signed
Target
Hyundai Mobis's automotive lamp (lighting) division with five plants in Korea, China, Mexico and the Czech Republic, reported at about KRW 2.5tn of 2025 revenue with an operating profit; to be spun off into a wholly owned subsidiary and sold in full, with employees and related rights and obligations transferring.
Deal rationale
Hyundai Mobis said it sought independent management and stronger specialization for the lamp business, and that the sale would strengthen new growth engines and core-business competitiveness and raise corporate and shareholder value as it restructures for future mobility. OPmobility CEO Felicie Burelle said combining the two lighting businesses would step up scale and position the company as a leader in automotive lighting while strengthening the partnership with Hyundai Motor and Kia. KED Global reported the deal was delayed about eight months by union opposition after OPmobility was named preferred bidder in January 2026.
| Revenue | $1.7bn |
| Operating income | — |
| EBITDA | — |
| Net income | — |
2025 · Multiple reports agree (not yet checked against DART)
Press coverage
- KED Global (2026-09-30): “more than 600 billion won ($443.5 million)”
- 한국경제 (2026-10-01): “이후 신설회사 지분 100%를 프랑스 ‘OP모빌리티’에 약 6000억원에 매각할 예정이다.”
- 머니투데이방송(MTN) (2026-09-30): “이날 OP모빌리티와 램프사업부문 주식매매계약(SPA)도 체결했다.”
- SBS Biz (2026-09-30): “2027년 하반기 중 완료하는 것을 목표로 하고 있습니다.”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.