OPmobility to acquire a controlling stake in lighting business of Hyundai Mobis.

OPmobility, a sustainable mobility and a technology partner to mobility players worldwide, offered to acquire a controlling stake in lighting business of Hyundai Mobis, an automotive parts supplier. Financial terms were not disclosed. "This transaction with Hyundai Mobis would be a great recognition of our leading industrial capabilities and our robust product portfolio for a more sustainable, safer, and connected mobility. The potential combination of our lighting businesses would represent a strategic milestone in the development of our lighting activity, since its launch at the end of 2022. Expanding our business with additional global customers would contribute to accelerating our diversification strategy in geographies and customers,” Félicie Burelle, OPmobility Chief Executive Officer.