About Hanon Systems
Hanon Systems is a company based in Daejeon (South Korea) founded in 1986 was acquired by Hankook Tire in October 2024. The company has 2,220 employees as of December 31, 2024. Hanon Systems has completed 1 acquisition, including Visteon. Hanon Systems offers products and services including Thermal Management Solutions. Hanon Systems operates in a competitive market with competitors including Nissens, BHTC, Subros, Grayson Thermal Systems and Granges, among others.
- Headquarter Daejeon, South Korea
- Employees 2220 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Hanon Systems
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Annual Revenue
$7.53 B (USD)8.85as on Dec 31, 2025
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Net Profit
-$124.93 M (USD)50.3as on Dec 31, 2025
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EBITDA
$506.33 M (USD)-15.34as on Dec 31, 2024
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Latest Funding Round
$4.88 K (USD), Grant
Feb 19, 2024
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Investors
Hankook Tire
& 5 more
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Employee Count
2220
as on Dec 31, 2024
- Investments & Acquisitions
- Acquired by
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IPO & Listings of Hanon Systems
Hanon Systems is a publicly listed company on the KRX with ticker symbol 018880 in South Korea, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Hanon Systems
Hanon Systems offers a comprehensive portfolio of products and services, including Thermal Management Solutions.
Systems for managing heat in internal combustion and electric vehicles.
People of Hanon Systems
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Funding Insights of Hanon Systems
Investors in Hanon Systems
Hanon Systems has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Hankook Tire, Ministerstvo Hospodárstva Slovenskej Republiky and Portál veřejné správy.
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Hahn & Company is recognized as Korea’s leading private equity investment group.
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A digital platform for public administration services in Czech Republic.
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Investor details for Hanon Systems
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Investments & Acquisitions by Hanon Systems
Hanon Systems has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Visteon.
Investment portfolio details for Hanon Systems
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AI and cloud-enabled solutions and electronics for connected and autonomous vehicles
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Complete acquisition details for Hanon Systems
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Financial Statements - Hanon Systems
Detailed financials for Hanon Systems
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Hanon Systems Comparisons
Peer comparison for Hanon Systems
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Competitors of Hanon Systems
Hanon Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nissens, BHTC, Subros, Grayson Thermal Systems and Granges, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Manufacturer of automotive aftermarket parts for engine cooling, climate systems, and emissions
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HVAC solutions are provided for the automobile industry.
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Auto air conditioning systems, including compressors and condensers, are manufactured.
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Manufactures & supplies automotive thermal cooling systems to OEMs and aftermarket
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Manufacturer and supplier of rolled aluminium products for heat exchangers to OEM
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Detailed competitors of Hanon Systems
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Latest news on Hanon Systems
Complete news archive for Hanon Systems
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Frequently Asked Questions about Hanon Systems
Hanon Systems was founded in 1986 and raised its 1st funding round 29 years after it was founded.
Hanon Systems is headquartered in Daejeon, South Korea.
In Young Le is the current CEO of Hanon Systems.
As of Dec 31, 2024, the latest employee count at Hanon Systems is 2,220.
Annual revenue of Hanon Systems is $7.53B as on Dec 31, 2025.
Hanon Systems was founded in 1986 and is headquartered in Daejeon, South Korea. Thermal management solutions for the automotive sector are developed and manufactured, including heating, ventilation, and air conditioning systems; compressors; powertrain cooling; fluid transport; and components for electric, hybrid, and fuel cell vehicles. Operations are supported by 40 manufacturing sites and four global technical centers across 19 countries.
Hanon Systems's top competitors include BHTC, Nissens and Grayson Thermal Systems.
Hanon Systems offers Thermal Management Solutions.
Yes, Hanon Systems is publicly traded on KRX under the ticker symbol 018880.
Hanon Systems has made 1 acquisition, including Visteon.
Hanon Systems has 6 investors. Key investors include Hankook Tire, Ministerstvo Hospodárstva Slovenskej Republiky, Portál veřejné správy, Ministry of Economy, Finance and Industrial and Digital Sovereignty, and FedDev Ontario.
The ticker symbol of Hanon Systems is 018880 on KRX.