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The partners have now signed a corresponding agreement. The transaction is expected to close in the first quarter of calendar year 2021, with the price being around EUR60m (US$73m). We have worked very successfully with Mando in South Korea over the last twelve years and have further strengthened our position in the very important South Korean market, said Hella CEO, Rolf Breidenbach. To meet the growing demands of South Korean customers even better with regard to global coverage and to give them access to our entire product range, especially in the areas of electrification and autonomous driving, we will now further push our direct business based on our global development and production network.

Inch on gwangyoksiSouth koreaSouth koreanRolf breidenbachMando hella electronicsதெற்கு கொரியாதெற்கு கொரியன்ரோல்ஃப் ப்ரீடன்பாக்மண்டோ ஹலா மின்னணுவியல்