Lotte Data Communication to acquire 71.14% of Joongang Control for KRW 69bn
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- $48m
- Stake
- 71.14%
- Implied 100%
- $67m
- Revenue
- $30m
- Op. income
- $0m
- Multiples
- EQV/EBIT 323.3xPSR 2.2x
Deal value ÷ stake (structure unconfirmed)
2020 · Multiple reports agree
2020 · Multiple reports agree
On implied equity value
- Target
- Joongang Control · EV charger manufacturing
- Buyer
- Lotte Data Communication · SI
- Seller
- CEO Shin Sang-hee and two other individual shareholders
- Structure
- —
- Announced
- Oct 29, 2021
- Closed
- —
- Stage
- Signed
Target
Power-control and smart-grid company founded in 1987 that entered EV charger manufacturing in 2011, producing slow, fast and ultra-fast chargers. Reported as one of Korea's top three charger makers with about 30% domestic share; renamed EVSIS after the deal.
Deal rationale
Lotte Data Communication said the purpose was to strengthen its mobility capabilities by entering EV charging, aiming to become a comprehensive mobility provider covering autonomous shuttles and EV charging (Inews24). Per Dealsite, the target's technical standing among domestic charger makers, expected EV demand growth and captive demand from Lotte affiliates (3,200 chargers required at Lotte Department Store and Lotte Mart, EV delivery vans at Lotte Global Logistics) were cited as drivers.
| Revenue | $30m |
| Operating income | $0m |
| EBITDA | — |
| Net income | — |
2020 · Multiple reports agree (not yet checked against DART)
Press coverage
- 아이뉴스24 (2021-10-29): “전기차 충전기 제조업체 중앙제어 지분 71.14%를 인수한다고 공시했다”
- 딜사이트 (2022-11-28): “롯데정보통신은 올 1월 690억원을 들여 중앙제어 지분 71.1%를 인수했다.”
- 유안타증권 리포트 (2022-01-04): “전기차 충전기 제조사 비교: 중앙제어 매출 438억원, 영업이익 3억원(2020)”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.