Hankook invests in digital prototype company

Seoul – Hankook Tire has acquired a 75% stake in digital prototype company Model Solution Ltd for KRW68.6 billion (€53.7 million), the South Korean tire maker announced 10 May.

Hankook intends to incorporate Model Solution as an affiliate, and is buying 51% stake from UK electronics company Laird and 24% stake from private equity firm Crescendo Equity Partners.

Also based in Seoul, Model Solution designs and manufactures prototypes and moulds for IT equipment such as electronic and medical devices.

The company began its work in prototype services in…

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