When was Hanon Systems founded?

Hanon Systems was founded in 1986 and raised its 1st funding round 29 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?

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

How many employees does Hanon Systems have?

As of Apr 30, 2026, the latest employee count at Hanon Systems is 6233.

Is Hanon Systems a funded company?

Hanon Systems is a funded company, having raised an undisclosed amount across 16 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jul 27, 2015.

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.

Where does Hanon Systems rank among its competitors?

Hanon Systems ranks 3rd amongst 317 active competitors, of which 2 are funded. It stands 3rd 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 BHTC, Nissens and TRISTONE. Among them, TRISTONE secured the most recent funding round in March, 2024.

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

Hanon Systems is an acquired company based in Daejeon (South Korea), founded in 1986. It operates as a Thermal management systems for automobile industry. Hanon Systems has raised an undisclosed amount in funding, with last known valuation of $*****. The company has 317 active competitors, including 2 funded and 25 that have exited. Its top competitors include companies like BHTC, Nissens and TRISTONE.

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 & 4 more

Ranked

3^rd among 317 active competitors

Employee Count

6,233 as on Apr 30, 2026

Investment & Acquisitions

Solid Power & 1 more

Similar Companies

BHTC & 193 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	Documents
Han & System S.r.o. CIN: 14235668 , Czech Republic, Active	Feb 08, 2022	-	-
KONYHA SYSTEMS s.r.o. CIN: 03659569 , Czech Republic, Active	Dec 19, 2014	-	-
Kortea s.r.o. CIN: 63996146 , Czech Republic, Active	Sep 04, 1995	-	-
PLOVDIV s.r.o. CIN: 05820901 , Czech Republic, Active	Feb 16, 2017	-	-
HANON SYSTEMS (THAILAND) COMPANY LIMITED CIN: 0105539084399 , Thailand, Active	Jul 31, 1996	$123M (As on Dec 31, 2022)	-
EFP s.r.o. CIN: 26775557 , Czech Republic, Active	Apr 30, 2003	-	-
ADVIK AUTO PRIVATE LIMITED CIN: U34102KA2009PTC049218 , India, Active	Feb 24, 2009	$7.61M (As on Mar 31, 2025)	-
JIE QING s.r.o. CIN: 26720191 , Czech Republic, Active	Sep 09, 2002	-	-
HANOM Invest s.r.o. CIN: 27508901 , Czech Republic, Active	Jan 12, 2007	-	-
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	-	-
HANON AUTOMOTIVE SYSTEMS INDIA PRIVATE LIMITED CIN: U35911TN1997PTC037782 , India, Active	Mar 21, 1997	$292M (As on Mar 31, 2025)	1398 (As on Jan 31, 2024)
HANON CLIMATE SYSTEMS INDIA PRIVATE LIMITED CIN: U34300DL1991PTC046656 , India, Active	Dec 06, 1991	$99.9M (As on Mar 31, 2025)	603 (As on Aug 01, 2025)
Hanon Systems Co., Ltd. CIN: 306-81-24501 , South Korea, Active	Mar 11, 1986	-	-	-
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 16 rounds. Its first funding round was on Jul 27, 2015. 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 5 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	1735733	Grant (prize money)	8153878	4839285	3518990	2021059
Dec 12, 2023	1055995	Grant (prize money)	7612648	5659887	5046455	Ministerstvo Hospodárstva Slovenskej Republiky
Oct 26, 2023	1870925	Grant (prize money)	7112443	7801412	4116617	Ministerstvo Hospodárstva Slovenskej Republiky

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View details of Hanon Systems's funding rounds and investors

Hanon Systems' employee count trend

Hanon Systems has 6,233 employees as of Apr 26. Here is Hanon Systems's employee count trend over the years:

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Top competitors of Hanon Systems include BHTC, Nissens and TRISTONE. 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	BHTC 1999, Lippstadt (Germany), Acquired	HVAC solutions provider for the automobile industry	-	-	62/100
2nd	Nissens 1921, Horsens (Denmark), Acquired	Manufacturer of automotive aftermarket parts for engine cooling, climate systems, and emissions	-	Axcel, Chr. Augustinus Factories & 2 others	61/100
3rd	Hanon Systems 1986, Daejeon (South Korea), Acquired	Thermal management systems for automobile industry	-	FedDev Ontario, Hahn & Company & 3 others	61/100
4th	TRISTONE 2002, Frankfurt Am Main (Germany), Acquired	Manufacturer & supplier of engine cooling & battery cooling components	-	Gov.cz, Ministerstvo Hospodárstva Slovenskej Republiky ... & 3 others	53/100
5th	Subros 1985, Delhi (India), Public	Manufactures auto airconditioning systems	-	DENSO	51/100
6th	Granges 1972, Stockholm (Sweden), Public	Manufacturer and supplier of rolled aluminium products for heat exchangers to OEM	-	Bluepeak, Europa & 1 others	48/100
7th	Sanden Vikas 1982, Delhi (India), Unfunded	Manufacturer and supplier of air-conditioning components	-	-	47/100
8th	Truma 1949, Putzbrunn (Germany), Unfunded	Manufacturer of automotive HVAC components	-	-	47/100
9th	Grayson Thermal Systems 1978, Birmingham (United Kingdom), Funding Raised	Manufactures & supplies automotive thermal cooling systems to OEMs and aftermarket	-	Gov, BNP Paribas & 1 others	43/100
10th	Trans ACNR 2003, Delhi (India), Unfunded	Manufacturer and supplier of air-conditioning and refrigeration systems	-	-	41/100