Linklaters has advised OPmobility, a world leader in sustainable mobility, in connection with its entry into a final agreement with Hyundai Mobis to acquire 100% of its lighting activity for an enterprise value of 600 billion Korean won (approximately €390 million).
This acquisition will reinforce OPmobility’s Lighting activity and strengthen its competitiveness in a fast-moving mobility industry. In line with OPmobility’s diversification strategy, it will also enhance the Group’s product portfolio, customer base and regional reach through five plants in South Korea, China, Mexico and the Czech Republic.
Closing of the acquisition is targeted for the second half of 2027, subject to obtaining customary antitrust and regulatory approvals.
The Linklaters team in Paris was led by Pierre Tourres, Partner, with Véra Maramzine, Counsel, Anisah Inoussa, Sadjhil Forestier, and Victor Duterne, Associates, in Corporate/M&A. The team also included Thomas Elkins, Partner, and Nicolas Chavonnand Valades, Associate, on Antitrust and Foreign Investment matters; Cyril Boussion, Partner, and Hugo Moreira, Associate, on Tax matters; as well as Lionel Vuidard, Partner, and Alice Klein, Counsel, on Employment matters.
Jean-François Merdrignac, Counsel, and Marion Delvallet, Associate, advised on intellectual property matters, while Sonia Cissé, Partner, with Marion Barbezieux, Managing Associate, advised on Technology, Cybersecurity and Data matters.
Linklaters’ Shanghai office also advised on this transaction.
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