Hankook Tire Acquires Korea-based Digital Prototype Solution Company

▤ Summary

Hankook Tire bought a 75% stake in Korea-based Model Solution for 68.6 billion won. Model Solution builds digital prototypes, molds, and design services for new products, including IT equipment, electronics, and medical devices. The company also uses technologies such as 3D printing to improve prototype development. The deal fits Hankook Tire’s strategy to add advanced technology and design capabilities and find new growth engines. This is relevant to vendors serving manufacturing design, prototyping, and engineering workflows.

▦ Linked Companies