Hyundai Mobis signs 600 bln-won deal to sell lamp unit to France's OPmobility

SEOUL, September 30 (Yonhap) -- Hyundai Mobis, South Korea's largest automotive parts manufacturer, announced on Wednesday a deal to sell its lamp unit to French company OPmobility for 600 billion won (approximately US$443 million) following its spin-off in April.

Hyundai Mobis's decision aims to secure a sustainable growth base and better respond to the rapidly changing mobility market. This move is expected to transform the company into a future mobility solutions provider, enhancing corporate and shareholder value.

The lamp division, which operates five plants in South Korea, China, Mexico, and the Czech Republic, generated sales of 2.5 trillion won last year. OPmobility anticipates that the acquisition will bolster its lamp business and improve its competitiveness in the rapidly evolving mobility industry.

OPmobility's CEO, Felicie Burelle, stated that the combination of Hyundai Mobis's lighting business with OPmobility's lighting activity will create a new scale and establish a leading player in the automotive lighting market. The acquisition, subject to obtaining antitrust and regulatory approvals, is expected to be completed in the second half of 2027.