Mutares has announced its acquisition of HSR and HST from Hwaseung Corporation to strengthen its Automotive & Mobility segment and expand its presence in the Asian market.
Target Information
Mutares is set to strengthen its foothold in Asia with the acquisition of HSR and HST from Hwaseung Corporation. This strategic move aims to enhance the Automotive & Mobility segment within Mutares' portfolio. Together, HSR and HST achieve revenues exceeding EUR 100 million, positioning them as valuable assets to the Amaneos China initiative.
Industry Overview in Asia
The automotive and mobility industry in Asia is a dynamic sector, characterized by rapid technological innovations and significant market growth. With increasing consumer demand for advanced vehicle technologies and electromobility, Asian countries have become key players in the global automotive landscape. Major markets, such as China, Japan, and South Korea, are witnessing a surge in electric vehicle production and the adoption of digital mobility solutions.
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In particular, China stands at the forefront of this transformation, being the largest automotive market globally. The country has implemented various policies that support technological advancements in the automotive
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Mutares
invested in
HSR and HST
in 2025
in a Strategic Partnership deal
Disclosed details
Revenue: $106M