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 Dec 31, 2015, the latest employee count at Hanon Systems is 313.

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 1st amongst 437 active competitors, of which 2 are funded. The most recent competitor to raise funding was Saleri, which secured $3.62M in Jan, 2025.

Who are the top competitors of Hanon Systems?

Hanon Systems' top competitors include BHTC, Modine Manufacturing Company and Nissens. Among them, Saleri secured the most recent funding round in January, 2025.

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 & 4 more

Ranked

1^st among 437 active competitors

Employee Count

313 as on Dec 31, 2015

Investment & Acquisitions

Solid Power & 1 more

Similar Companies

BHTC & 185 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	-	327 (As on Dec 31, 2021)	-

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	9744185	Grant (prize money)	3246996	5903946	6705468	1413514
Dec 12, 2023	5164438	Grant (prize money)	6434701	5322011	6045041	Ministerstvo Hospodárstva Slovenskej Republiky
Oct 26, 2023	2962683	Grant (prize money)	6377511	8661269	5648024	Ministerstvo Hospodárstva Slovenskej Republiky

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Hanon Systems' employee count trend

Hanon Systems has 313 employees as of Dec 15. Here is Hanon Systems's employee count trend over the years:

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Top competitors of Hanon Systems include BHTC, Modine Manufacturing Company 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, Ministry of Economy, Finance and Industrial and Digital Sovereignty ... & 3 others	61/100
2nd	BHTC 1999, Lippstadt (Germany), Acquired	HVAC solutions provider for the automobile industry	-	-	62/100
3rd	Modine Manufacturing Company 1916, Racine (United States), Public	Manufacturer and supplier of heat transfer products	-	-	60/100
4th	Nissens 1921, Horsens (Denmark), Acquired	Manufacturer of automotive aftermarket parts for engine cooling, climate systems, and emissions	-	Axcel, Hermes GPE & 2 others	58/100
5th	TitanX 2008, Gothenburg (Sweden), Acquired	Manufacturer of medium and heavy-duty diesel engine cooling solutions	$28.9M	Fouriertransform, European Union	57/100
6th	Banco Products 1961, Vadodara (India), Public	Manufacturer of cooling system and gaskets	-	Innoeversity	53/100
7th	Subros 1985, Delhi (India), Public	Manufactures auto airconditioning systems	-	DENSO	50/100
8th	Granges 1972, Stockholm (Sweden), Public	Manufacturer and supplier of rolled aluminium products for heat exchangers to OEM	-	Bluepeak, European Union & 1 others	48/100
9th	PWR provides world class cooling solutions 2003, Ormeau (Australia), Public	Manufacturer of automotive aluminium radiators, inter & oil coolers, and related accessories	-	-	46/100
10th	Elite KL 1984, Tamworth (United Kingdom), Acquired	Manufacturer and supplier of air conditioning system to OEMs	-	-	46/100