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The Korea Herald
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THE INVESTOR
March 19, 2024

Stocks & Bonds

[EQUITIES] ‘LG Electronics to gain momentum from ZKW acquisition’

  • PUBLISHED :April 23, 2018 - 12:12
  • UPDATED :April 23, 2018 - 12:12
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[THE INVESTOR] LG Electronics’ acquisition of Austrian automobile lighting system provider ZKW will serve as its new growth momentum, said Daishin Securities on April 23 maintaining a “buy” recommendation and 140,000 won (US$130.90) target price.




The move will create synergies with its existing auto parts business and smart home system, Trust of carmakers is essential in the auto system business, and thorough an M&A it can easily secure orders and have an upper hand in technological collaboration, said analyst Park Gang-ho. 

Self-driving and electric vehicles ultimately will lead to smart car market, and by linking ZKW’s lighting system with its smart home appliances and smartphone technology, it will be able to have a competitive edge, said Park. 

By Hwang You-mee (glamazon@heraldcorp.com)

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