Hyundai Mobis signs $443 million deal to sell lamp unit to France's OPmobility

Hyundai Mobis, Korea's largest automobile components manufacturer, has reached a $443 million agreement to sell its lamp unit to French company OPmobility, following its April spin-off. The transaction, detailed in the company's press release, involves Hyundai Mobis transferring its 100% ownership of the lamp division to OPmobility as part of a strategy to establish a stable growth foundation and better adapt to the swiftly changing mobility sector.

This move is seen as a crucial turning point for Hyundai Mobis, enabling its metamorphosis into a provider of future mobility solutions and ultimately bolstering its corporate and shareholder value.

The company's lighting business operates five facilities in South Korea, China, Mexico, and the Czech Republic, with total sales amounting to 2.5 trillion won last year, as reported by OPmobility. OPmobility anticipates that the acquisition will bolster its lamp division, thereby enhancing its competitiveness in the rapidly evolving mobility industry. The French firm aims to finalize the acquisition in the second half of 2027, pending the acquisition of antitrust and regulatory approvals.