Mutares SE & Co. KGaA$MUX (+0,27 %) has entered into final negotiations with the listed Korean company Hwaseung Corporation on the acquisition of 67% of the shares in Hwaseung Special Rubber (Taicang) Co., Ltd. ("HSR") and Hwaseung Auto Parts (Taicang) Co., Ltd. ("HST").
This potential acquisition of a majority stake in a leading automotive supplier in China is an important milestone for Mutares' global expansion and targeted growth strategy in Asia.
Hwaseung Corporation today announced the potential acquisition on the Korean stock exchange. The transaction is expected to be signed in the fourth quarter of 2025.
The target companies are known for their essential rubber sealing and hose products, which they supply to well-known car manufacturers such as GM, VW, Hyundai, Kia and Xiaomi.
With two state-of-the-art production facilities and around 600 employees, the companies generated sales of over EUR 100 million in 2024.
HSR and HST are an ideal fit for Amaneo's China business and open up significant synergies in the value chain.
The integration including SMA China and SFC China will result in additional cost benefits, operational efficiencies and a strengthened competitive position in the world's most dynamic automotive market.
Mutares' expansion in the Chinese automotive sector strengthens its position as an operational pioneer in the Automotive & Mobility segment, extends the Group's track record and opens up new opportunities for cooperation with leading Asian and international OEMs.
The decision of a prominent Korean-listed seller to enter into such a transaction with Mutares reflects the Group's global position as a reliable and value-creating owner with a proven track record of operational excellence, transformation and sustainable growth.
Johannes Laumann, CIO of Mutares, comments: "Our expansion into Asia is an important milestone for Mutares in the Automotive & Mobility segment. We are honored by the trust of our Korean partners and look forward to bringing our operational expertise to the Chinese market. This acquisition demonstrates our commitment to international growth and diversification and will create value for all stakeholders."