Carnavicom acquires 100% of Humax Automotive (and Humax Weihai, China) for KRW 32bn
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- $22m
- Stake
- 100%
- Implied 100%
- $22m
- Revenue
- $69m
- Op. income
- —
- Multiples
- PSR 0.3x
Deal value ÷ stake (structure unconfirmed)
2021 · Single report, unverified
2021 · Single report, unverified
On implied equity value
- Target
- Humax Automotive (and Humax Weihai, China) · Automotive electronics (infotainment)
- Buyer
- Carnavicom · SI
- Seller
- Humax
- Structure
- —
- Announced
- Jul 5, 2022
- Closed
- —
- Stage
- Closed
Target
Humax Automotive (and its Weihai, China unit) develops and produces in-vehicle infotainment, ADAS, AVM and telematics systems for OEMs including Beijing Hyundai, Kia, GM and the Renault-Nissan Alliance; about 80 staff, mostly engineers, were reported to transfer.
Deal rationale
ET News reported Carnavicom acquired Humax Automotive to qualify as a Tier-1 auto parts supplier; a Carnavicom official said the acquisition was made to become a global top-tier parts maker. The company said Humax Automotive's global customer base and overseas network were a good fit. The incoming CEO's short-term task was reported as returning to profit, and Carnavicom planned an IPO in 2024.
| Revenue | $69m |
| Operating income | — |
| EBITDA | — |
| Net income | — |
2021 · Single report, unverified (not yet checked against DART)
Press coverage
- 전자신문 (2022-07-05): “휴맥스 중국 웨이하이 법인 지분 100%를 약 320억원에 인수했다.”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.