Hyundai Mobis eyes M&As in self-driving, connectivity areas

Hyundai Glovis

26/04/2018 08:13

SEOUL, April 26 (Reuters) - Hyundai Mobis  012330.KS , a
parts affiliate of Hyundai Motor  005380.KS , said on Thursday
it was "actively" considering acquisitions and investments in
areas for autonomous driving and connectivity to boost its
future business.
    "Hyundai Mobis expects to concentrate its capabilities on
discovering global startups with novel ideas, making strategic
partnership with global firms and pursuing large-scale M&A," the
company said in a statement. 
    This is part of a long-term plan laid out by the company,
which last month said it was looking to spin off its module and
after-service parts businesses and merge them with logistics
affiliate Hyundai Glovis  086280.KS   urn:newsml:reuters.com:*:nL3N1RA1JU

 (Reporting by Hyunjoo Jin; Editing by Himani Sarkar)
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net))