HD Hyundai Marine Solutions Acquires Top-Tier 'Engine MRO Company'

*This content was translated by AI.View Original

HD Hyundai Marine Solutions is set to expand its Aftermarket (AM) business by strengthening its engine maintenance capabilities.

HD Hyundai Marine Solutions, a comprehensive solutions provider in the shipbuilding and offshore sector under HD Hyundai, announced on Thursday (the 8th) via public disclosure that it has signed a share purchase agreement to acquire 100% of the shares in 'Goltens,' a global service specialist in 'marine and land-based power generation engines.' The acquisition amount is approximately $247 million (approximately 331.5 billion won).

Founded in New York in 1940, Goltens is a global engineering firm that has led the MRO sector for 2-stroke and 4-stroke engines installed on ships and land-based power plants over the past 85 years. In particular, it is evaluated as a top-tier global engine MRO company.

Through this acquisition, HD Hyundai Marine Solutions expects to further strengthen the competitiveness of its core AM business. The company will secure overseas repair hubs that are difficult to establish easily, a large pool of specialized technical personnel, and multi-brand engine maintenance capabilities.

An HD Hyundai official told this outlet in a phone interview, "This acquisition is a strategic choice aimed at maximizing mutual synergy so that both companies can grow together."

<© STARNEWS. All rights reserved. No reproduction or redistribution allowed.>

*This content was translated by AI.View Original