Hahn & Co-owned Hanon agrees $1.2b bolt-on acquisition
Hanon Systems, an auto parts manufacturer owned by Hahn & Company and formerly known as Halla Visteon Climate Control, has agreed a $1.23 billion bolt-on acquisition of Magna International’s fluid pressure and controls business.
It is one of the largest outbound deals in Korea’s auto parts industry and is expected to support Hanon’s focus on hybrid and electric vehicles. Magna, a Canada-headquartered global automotive supplier...
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