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You are here: Home1 / News2 / Company News3 / Hankook Group takes majority share in Canadian optical MEMS specialist

Hankook Group takes majority share in Canadian optical MEMS specialist

Date: 1st December 2021 Author: Andrew Bogie Comments: 0

The Hankook Group has acquired a majority shareholding in Preciseley Microtechnology Corp, a global specialist in optical MEMS (micro-electromechanical solutions) systems. In making the acquisition, Hankook is seeking synergies with complementary technologies to generate new business and growth opportunities. The most immediately obvious of these is Preciseley Microtechnology’s optical automotive applications for 3D environment detection.

The Hankook Group bought 61 per cent of the Edmonton, Canada based firm for 204.5 billion won (£131 million). The shares are split between holding company Hankook & Company and Hankook Tire & Technology.

Related news:

  1. Hankook & Company signs MOU with KAIST to build data infrastructure platform
  2. Hankook Tire extends Canada ice hockey sponsorship
  3. Name change for Hankook Tire holding company
  4. Sibling rivalry: Cho Hyun-sik resigns as vice-chairman of Hankook holding firm
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Canada, Hankook, Hankook & Company, Hankook Tire, MEMS, Precisely Microtechnology, sensor technology

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