OPmobility agrees to buy Hyundai Mobis' lighting unit for $443 million

OPmobility has reached a final agreement to buy Hyundai Mobis’ lighting business for an enterprise value of 600 billion Korean won (about $443 million), the French supplier said on Wednesday. The deal would bring OPmobility a specialized automotive lighting unit from Hyundai Mobis, a key parts maker for Hyundai and Kia. OPmobility shares the transaction’s scale in Korean won and dollars, with Reuters citing the exchange rate as $1 = 1,353.38 won. The announcement comes as the industry continues consolidating amid cost pressure and a shift toward electrification and advanced lighting systems.