October 16, 2015
Korean firm LG is still considering overseas acquisitions to provide new growth avenues as the firm sets it’s sights on becoming one of the largest electronics companies in the world.
The firm is already the world’s fifth largest mobile handset producer.
The company is interested in M&A opportunities if they will help to expand the companies value.
It has been confirmed by LG that it is not interested in the computer chip business, but rather purchases that will add to the value of it’s flat panel and mobile handset businesses.
LG have been burnt in the past by bad investments particularly the purchase of US TV maker Zenith in the 90’s. LG has since recovered and is looking to acquire small to medium companies, which will add value but wil not overshadow the established LG brand.