Cookie Consent by Free Privacy Policy website Successful partnership between ZKW and technology giant LG
aprile 27, 2018 - ZKW

Successful partnership between ZKW and technology giant LG

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By merging with #lg as one of the world's leading high-tech companies, #zkw secures access to know-how, resources and key technologies for the development of the intelligent light of the future and autonomous driving. #wieselburg, 26.04.2018 #zkw enters a new dimension: On April 26, 2018, the sale of 100% of the shares in the #zkw Group by the sole owner Ulrich Mommert to #lg Corporation and #lg Electronics was signed. #zkw, the specialist for premium lighting and electronic systems, will partner with the #lg Group, one of the largest technology companies in the world, with total revenues of approximately USD 150 billion in 2017. In order to sustainably expand its position at the forefront of technological development, ZKW's owner and management took the decision to enter into this forward-looking partnership with #lg, securing ZKW's long-term successful future. The synergies expected from this strategic alliance will enable the new venture to take the leading role worldwide in automotive lighting technology as well as in autonomous driving. Together with #zkw, the #lg Group wants to become one of the top 10 automotive suppliers worldwide by 2025. ZKW's product offering optimally complements LG's existing product and technology portfolio. With #lg, #zkw gains access to valuable resources and key know-how in order to continue its successful growth course. #zkw benefits from LG's extensive technology portfolio, thus sustainably improving its competitive position. #lg has every confidence in the lighting specialist: #zkw will become the global competence center for automotive lighting within the #lg Group.

Further information in the press release to download