Printed Circuit Design & Fab Online Magazine - BH to Acquire LG’s In-Car Handset Wireless Charging Business

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Printed Circuit Design & Fab Magazine

SEOUL – Printed circuit board fabricator BH said it will acquire LG Electronics’ in-car handset wireless charging business unit for 136.7 billion won (US$111.5 million), according to reports.

BH will form a new subsidiary called BH EVS, and the acquisition is expected to be completed in August.

BH said demand for in-car handset wireless charging units is some 20 million units per year. The firm expects orders worth US$2 billion in the next decade.

BH CEO Lee Kyung-hwan will be CEO of BH EVS, and BH will own a 56% stake. DKT, another subsidiary of BH, will own a 44% stake.

Ed.: 1 won = US$0.00082

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