Dayou Winia Group acquires 70% of Shinki Intermobile for KRW 30bn
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- $21m
- Stake
- 70%
- Implied 100%
- $30m
- Revenue
- —
- Op. income
- —
- Multiples
- —
Deal value ÷ stake (structure unconfirmed)
- Target
- Shinki Intermobile · Automotive plastic parts
- Buyer
- Dayou Winia Group · SI
- Seller
- Shinki
- Structure
- —
- Announced
- Jul 3, 2022
- Closed
- Jul 6, 2022
- Stage
- Closed
Target
Founded in 1970, Shinki Intermobile manufactures automotive plastic parts, supplying high-function lightweight components such as console boxes, engine covers, wheel guards and interior trim mainly to Hyundai Motor and Kia.
Deal rationale
Dayou Winia Group said the deal would make it a full-fledged comprehensive auto parts company and maximize synergies among its parts affiliates Dayou AP and Dayou A-Tech (Edaily). NewDaily reported the acquisition laid the groundwork for the group to become a mobility specialist. In 2021 Hyundai Corporation had been preferred bidder and entered final negotiations, which did not conclude (NewDaily, Dec 2021).
Press coverage
- 이데일리 (2022-07-06): “총 인수금액은 300억원으로 신기가 보유한 지분 70%에 달한다.”
- 뉴데일리경제 (2023-02-06): “지난해 신기인터모빌을 인수하며 모빌리티 전문기업으로 도약할 발판을 마련했다”
- 뉴데일리경제 (2021-12-02): “신기인터모빌 자산총계는 지난해 말 기준 1320억원”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.