When was Hanon Systems founded?

Hanon Systems was founded in 1986 and raised its 1st funding round 27 years after it was founded.

Where is Hanon Systems located?

Hanon Systems is headquartered in Daejeon, South Korea. It is registered at Novi, Michigan.

Who is the current CEO of Hanon Systems?

In Young Le and Sung Min-suk s of Hanon Systems.

How many employees does Hanon Systems have?

As of Sep 30, 2026, the latest employee count at Hanon Systems is 6264.

Is Hanon Systems a funded company?

Hanon Systems is a funded company, having raised an undisclosed amount across 17 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Sep 30, 2013.

How much is Hanon Systems worth?

The last known valuation of Hanon Systems was $***** as of Jun 09, 2015.

When was the latest funding round of Hanon Systems?

Hanon Systems' latest funding was a $***** Grant (prize money) round on Feb 19, 2024, with participation from 1 investor.

What is the annual revenue of Hanon Systems?

Annual revenue of Hanon Systems is between $100M and $500M as on Dec 31, 2022

Where does Hanon Systems rank among its competitors?

Hanon Systems ranks 1st amongst 338 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was TRISTONE, which secured $29.3K in Mar, 2024.

Who are the top competitors of Hanon Systems?

Hanon Systems' top competitors include TRISTONE, Subros and Nissens. Among them, TRISTONE secured the most recent funding round in March, 2024.

Hanon Systems - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Hanon Systems (fka Halla Visteon Climate Control Corporation) manufactures climate control systems for automobile applications. Their thermal management solutions include heating ventilation and air conditioning; compressors; powertrain cooling; fluid transport; and electric, hybrid and fuel cell vehicle thermal systems. It has 40 manufacturing sites supported by four global technical centers in 19 countries.

Website: www.hanonsystems.com/En
Registered Address: Novi, Michigan

Key Metrics

Founded Year

1986

Location

Daejeon, South Korea

Stage

Acquired

Latest Funding Round

Grant (prize money), Feb 19, 2024, $*****

Last Known Valuation

$***** as on Jun 09, 2015

Investors

FedDev Ontario & 5 more

Ranked

1^st among 338 active competitors

Annual Revenue

$100M - $500M as on Dec 31, 2022

Employee Count

6,264 as on Sep 30, 2026

Investment & Acquisitions

Solid Power & 1 more

Similar Companies

Subros & 203 more

Exit Details

Acquired by Hankook Tire (Oct 31, 2024)

View Hanon Systems' full profile

Hanon Systems is associated with 15 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Hanon Systems Co., Ltd. CIN: 306-81-24501 , South Korea, Active	Mar 11, 1986	-	-	-
Kortea s.r.o. CIN: 63996146 , Czech Republic, Active	Sep 04, 1995	-	-
DELTA K.M.V. s.r.o. CIN: 48951692 , Czech Republic, Active	Jun 20, 1994	-	-
Hennen servis s.r.o. CIN: 29152852 , Czech Republic, Active	Feb 06, 2013	-	-
HANOM Invest s.r.o. CIN: 27508901 , Czech Republic, Active	Jan 12, 2007	-	-
EFP s.r.o. CIN: 26775557 , Czech Republic, Active	Apr 30, 2003	-	-
JIE QING s.r.o. CIN: 26720191 , Czech Republic, Active	Sep 09, 2002	-	-
Han & System S.r.o. CIN: 14235668 , Czech Republic, Active	Feb 08, 2022	-	-
PLOVDIV s.r.o. CIN: 05820901 , Czech Republic, Active	Feb 16, 2017	-	-
KONYHA SYSTEMS s.r.o. CIN: 03659569 , Czech Republic, Active	Dec 19, 2014	-	-
HANON SYSTEMS (THAILAND) COMPANY LIMITED CIN: 0105539084399 , Thailand, Active	Jul 31, 1996	$100M - $500M (As on Dec 31, 2022)	-
ADVIK AUTO PRIVATE LIMITED CIN: U34102KA2009PTC049218 , India, Active	Feb 24, 2009	₹50 - ₹100 Cr (As on Mar 31, 2025)	-
HANON CLIMATE SYSTEMS INDIA PRIVATE LIMITED CIN: U34300DL1991PTC046656 , India, Active	Dec 06, 1991	₹500 - ₹1,000 Cr (As on Mar 31, 2025)	603 (As on Aug 01, 2025)
HANON AUTOMOTIVE SYSTEMS INDIA PRIVATE LIMITED CIN: U35911TN1997PTC037782 , India, Active	Mar 21, 1997	₹1,000+ Cr (As on Mar 31, 2025)	1398 (As on Jan 31, 2024)
HANON SYSTEMS USA, LLC CIN: 611697358 , United States, Active	Dec 26, 999	-	407 (As on Dec 31, 2024)	-

Hanon Systems got acquired by Hankook Tire on Oct 31, 2024.

Click here to take a look at Hanon Systems's acquisition in detail

Hanon Systems has raised funding over 17 rounds. Its first funding round was on Sep 30, 2013. Its latest funding round was a Grant (prize money) round on Feb 19, 2024 for $*****. 1 investor participated in its latest round. Hanon Systems has 6 institutional investors.

Here is the list of recent funding rounds of Hanon Systems:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 19, 2024	3752973	Grant (prize money)	2404102	4861690	9750818	5836065
Dec 12, 2023	9154065	Grant (prize money)	3014214	5739181	1427190	Ministerstvo Hospodárstva Slovenskej Republiky
Oct 26, 2023	8330897	Grant (prize money)	1499914	3820265	4970270	Ministerstvo Hospodárstva Slovenskej Republiky

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Hanon Systems' employee count trend

Hanon Systems has 6,264 employees as of Sep 26. Here is Hanon Systems's employee count trend over the years:

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Top competitors of Hanon Systems include TRISTONE, Subros and Nissens. Here is the list of Top 10 competitors of Hanon Systems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Hanon Systems 1986, Daejeon (South Korea), Acquired	Thermal management systems for automobile industry	-	FedDev Ontario, Hahn & Company & 4 others	63/100
2nd	TRISTONE 2002, Frankfurt Am Main (Germany), Acquired	Manufacturer & supplier of engine cooling & battery cooling components	-	Duke Capital, Gov.cz & 4 others	53/100
3rd	Subros 1985, Delhi (India), Public	Manufactures auto airconditioning systems	-	DENSO	51/100
4th	Nissens 1921, Horsens (Denmark), Acquired	Manufacturer of automotive aftermarket parts for engine cooling, climate systems, and emissions	-	Axcel, Chr. Augustinus Factories & 2 others	50/100
5th	BHTC 1999, Lippstadt (Germany), Acquired	HVAC solutions provider for the automobile industry	-	-	49/100
6th	Sanden Vikas 1982, Delhi (India), Unfunded	Manufacturer and supplier of air-conditioning components	-	-	48/100
7th	Truma 1949, Putzbrunn (Germany), Unfunded	Manufacturer of automotive HVAC components	-	-	47/100
8th	SANDEN HOLDINGS CORPORATION 1943, Isesaki (Japan), Public	Manufacturer and supplier of air conditioning system	-	NEDO	45/100
9th	NRF 1927, Mill (Netherlands), Acquired	Manufacturer and supplier of major auto components to OEMs and aftermarket	-	-	45/100
10th	Grayson Thermal Systems 1978, Birmingham (United Kingdom), Funding Raised	Manufactures & supplies automotive thermal cooling systems to OEMs and aftermarket	-	BNP Paribas, Gov & 1 others	45/100