Hyundai Mobis is selling its lamp division as part of a business restructuring effort.
On September 30, Hyundai Mobis held an extraordinary board meeting and approved the physical division of its lamp business unit, which includes headlights, rear lamps, and exterior body lamps.
The buyer is OP Mobility, a French automotive parts company, with the division's split scheduled for April 1, 2027. On the same day, Hyundai Mobis signed a stock purchase agreement (SPA) with OP Mobility for the lamp business unit.
After the split, Hyundai Mobis will continue as a listed company, while the newly established 'Hyundai Mobis Lamp' will operate as a private entity. Employees and all rights and obligations related to the division will be transferred to the new company.
This decision aims to enhance the lamp division's independent management, business expertise, and external competitiveness, while also boosting Hyundai Mobis's new growth engines and core business strengths. It marks a significant turning point in strengthening the company's business structure for future mobility transitions, with expectations of contributing to increased corporate and shareholder value.
The company stated, "The new company will seek to enhance global competitiveness and sustainable growth for the divided business unit," adding that the existing company will explore various measures to strengthen its core competitiveness and corporate value.
Meanwhile, Hyundai Mobis will proceed with the remaining necessary procedures for the sale, including a shareholders' meeting and merger notifications.
* This article has been translated by AI.
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