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    Hanon Systems Co., Ltd. (Korean: 한온시스템 주식회사) is an automotive parts manufacturing firm headquartered in Daejeon, South Korea. It is one of the world's largest suppliers of auto thermal management systems.
    On January 6, 2025, Hankook & Company Group announced that it had completed the acquisition of a majority stake in Hanon Systems.


    History


    Hanon Systems was initially established as Halla Climate Control, a joint venture between Ford and Mando Machinery, in 1986. During the Asian financial crisis in 1999, Halla Group, a parent company of Mando, went bankrupt and sold its entire stake in the joint venture to Visteon under Ford. After Visteon's takeover, Ford integrated Visteon's thermal system businesses into Halla Climate Control and changed its name to Halla Visteon Climate Control (HVCC) in 2013.
    In 2015, Visteon sold its 70% stake in HVCC to a consortium led by Hahn & Company, a South Korean private equity investment firm, and Hankook Tire. HVCC was renamed Hanon Systems after the acquisition. In 2019, Hanon Systems acquired Magna International's fluid pressure and control unit for US$1.23 billion.


    See also


    Automotive industry in South Korea


    References




    External links


    Official website
    Business data for Hanon Systems:

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Hanon Systems Archives - Tennessee Star

Hanon Systems Archives - Tennessee Star

Hanon Systems Mission, Benefits, and Work Culture | Indeed.com

Hanon Systems Mission, Benefits, and Work Culture | Indeed.com

Hanon Systems - Proudly Made in Bay of Quinte

Hanon Systems - Proudly Made in Bay of Quinte

Hanon Systems - Proudly Made in Bay of Quinte

Hanon Systems - Proudly Made in Bay of Quinte

Hanon Systems - Cunningham Limp

Hanon Systems - Cunningham Limp

Hanon Systems | Wyandot County Economic Development

Hanon Systems | Wyandot County Economic Development

Patton Wiles Fuller

Patton Wiles Fuller

Hanon Systems - MuniStrategies

Hanon Systems - MuniStrategies

Hanon Systems Factory Building - Uskon A.Ş.

Hanon Systems Factory Building - Uskon A.Ş.

Hanon Systems Office Photos | Glassdoor

Hanon Systems Office Photos | Glassdoor

Hanon Systems Office Photos | Glassdoor

Hanon Systems Office Photos | Glassdoor

Warehouse Complete for Hanon Systems in Alabama

Warehouse Complete for Hanon Systems in Alabama

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Hanon Systems

SEOUL, South Korea, Feb. 13, 2025 – Hanon Systems, a leading global automotive thermal management supplier and subsidiary of Hankook & Company Group, today reported its full …

Hanon Systems

Hanon Systems is recognized for its cutting-edge technology in thermal energy management systems, essential for electric vehicle (EV) battery performance. The Group’s acquisition of …

Hanon Systems Announces Full Year 2024 Financial Results

3 days ago · About Hanon Systems Hanon Systems, founded in 1986, is a global leader in thermal energy management solutions. In January 2025 , it became a subsidiary of Hankook & …

Hanon Systems - Wikipedia

Hanon Systems Co., Ltd. (Korean: 한온시스템 주식회사) is an automotive parts manufacturing firm headquartered in Daejeon, South Korea. It is one of the world's largest suppliers of auto …

Hanon Systems Announces Full Year 2024 Financial Results

3 days ago · Hanon Systems, founded in 1986, is a global leader in thermal energy management solutions. In January 2025 , it became a subsidiary of Hankook & Company Group.

Hanon Systems Announces Full Year 2024 Financial Results

3 days ago · About Hanon Systems Hanon Systems, founded in 1986, is a global leader in thermal energy management solutions. In January 2025 , it became a subsidiary of Hankook & …

Hanon Systems

FAWER Hanon Thermal Systems (Changchun) Company Ltd. Changchun No.6577 Hexie Avenue, Automotive Economic and Technological Development Zone, Changchun, Jilin …

Hankook & Company Group Completes Acquisition of Hanon Systems

SEOUL, South Korea, Jan. 7, 2025 /PRNewswire/ -- Hankook & Company Group (Chairman Cho Hyun-Bum) announced on January 6 that it has completed the acquisition of Hanon Systems, …

Hanon Systems - LinkedIn

About Hanon Systems Hanon Systems, a subsidiary of Hankook & Company Group, is a full-line supplier of automotive thermal and energy management solutions for electrified and …

[Hankook & Company Group acquires Hanon Systems, realizing …

Nov 5, 2024 · Hankook & Company Group and Hanon Systems aim to maximize synergies by integrating resources and technology to drive future growth. Both companies plan to share …