OPmobility to acquire Hyundai Mobis lighting business for KRW 600 billion
OPmobility announced today that it has entered into a final agreement with Hyundai Mobis to acquire 100% of its lighting business for an enterprise value of KRW 600 billion.The deal was signed in Seoul Wednesday between Félicie Burelle, CEO of OPmobility, and Lee Gyu-suk, CEO of Hyundai Mobis.“On be
OPmobility has finalized a deal to acquire Hyundai Mobis' lighting business for KRW 600 billion, according to a statement released today. The transaction was signed in Seoul on Wednesday between OPmobility CEO Félicie Burelle and Hyundai Mobis CEO Lee Gyu-suk.
Burelle expressed her excitement about welcoming Hyundai Mobis' lighting team, emphasizing that this move will further strengthen the partnership between the two companies. The acquisition aims to deepen OPmobility's collaboration with Hyundai and Kia.
By incorporating Hyundai Mobis' lighting division, OPmobility plans to boost its presence in the fast-moving mobility industry, expand its product portfolio, and increase its customer base and global reach. Burelle highlighted that the combination of the two businesses will enable the company to reach a new scale and establish itself as a leading player in the automotive lighting market.
Hyundai Mobis' lighting business generated revenue of KRW 2.5 trillion in 2025 and reported a positive operating margin. The division operates five plants in South Korea, China, Mexico, and the Czech Republic. With the acquisition, OPmobility expects to enhance its technology base, customer reach, and global operational footprint. The closing of the deal is anticipated to take place in the second half of 2027, pending customary antitrust and regulatory approvals.
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