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
*********
- Legal Name Hanon Systems
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Annual Revenue
$6.78 B (USD)5.01as on Dec 31, 2024
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Net Profit
$-246.31 M (USD)-812.47as on Dec 31, 2024
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Systems for managing heat in internal combustion and electric vehicles.
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Funding Insights of Hanon Systems
- Total Funding Total Funding
- Total Rounds 16
- Last Round Grant — $4,884
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First Round
First Round
(27 Jul 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Grant - Hanon Systems | Valuation |
investors |
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| Dec, 2023 | Amount | Grant - Hanon Systems | Valuation |
investors |
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| Oct, 2023 | Amount | Grant - Hanon Systems | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Hahn & Company is recognized as Korea’s leading private equity investment group.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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A digital platform for public administration services in Czech Republic.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hanon Systems
Hanon Systems has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Visteon. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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AI and cloud-enabled solutions and electronics for connected and autonomous vehicles
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hanon Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hanon Systems Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Manufacturer of automotive aftermarket parts for engine cooling, climate systems, and emissions
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| domain | founded_year | HQ Location |
HVAC solutions are provided for the automobile industry.
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| domain | founded_year | HQ Location |
Auto air conditioning systems, including compressors and condensers, are manufactured.
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| domain | founded_year | HQ Location |
Manufactures & supplies automotive thermal cooling systems to OEMs and aftermarket
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| domain | founded_year | HQ Location |
Manufacturer and supplier of rolled aluminium products for heat exchangers to OEM
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hanon Systems
Frequently Asked Questions about Hanon Systems
When was Hanon Systems founded?
Hanon Systems was founded in 1986 and raised its 1st funding round 29 years after it was founded.
Where is Hanon Systems located?
Hanon Systems is headquartered in Daejeon, South Korea.
Who is the current CEO of Hanon Systems?
In Young Le is the current CEO of Hanon Systems.
How many employees does Hanon Systems have?
As of Dec 31, 2024, the latest employee count at Hanon Systems is 2,220.
What is the annual revenue of Hanon Systems?
Annual revenue of Hanon Systems is $6.78B as on Dec 31, 2024.
What does Hanon Systems do?
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.
Who are the top competitors of Hanon Systems?
Hanon Systems's top competitors include BHTC, Nissens and Grayson Thermal Systems.
What products or services does Hanon Systems offer?
Hanon Systems offers Thermal Management Solutions.
Is Hanon Systems publicly traded?
Yes, Hanon Systems is publicly traded on KRX under the ticker symbol 018880.
How many acquisitions has Hanon Systems made?
Hanon Systems has made 1 acquisition, including Visteon.
Who are Hanon Systems's investors?
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.
What is Hanon Systems's ticker symbol?
The ticker symbol of Hanon Systems is 018880 on KRX.
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