HD Hyundai Marine Solution announced on the 8th that it will acquire Goltens, a global engine maintenance company headquartered in the United States. Under the agreement, it will acquire 100% of Goltens’ shares for USD 247 million (about KRW 330 billion), as part of a strategy to expand its business beyond selling marine engines to include repair and maintenance services.

Founded in 1940, Goltens is a specialist company in repairing engines for ships and land-based power generation facilities. It operates 28 service hubs worldwide and employs more than 1,300 specialists, providing maintenance services to approximately 5,500 vessels. Its capability to repair engines from a wide range of manufacturers is also a strength.

Through this acquisition, HD Hyundai plans to strengthen its maintenance business, including engine repair and parts replacement, by securing an overseas service network and customer base. In particular, it aims to expand its land-based power generation facilities business by combining its proprietary HiMSEN engine with Goltens’ global service network. HD Hyundai Heavy Industries has signed power generation facility supply contracts totaling KRW 1,583.1 billion in two rounds this year.

By securing an engine maintenance network in the United States through this acquisition, synergy is also expected in MASGA, a Korea-U.S. shipbuilding cooperation project being pursued by HD Hyundai, as well as in maintenance, repair and overhaul (MRO) projects for U.S. Navy vessels.

A HD Hyundai Marine Solution official said, “This acquisition is a strategic choice to enable both companies to grow together by maximizing mutual synergies,” adding, “We will continue to expand our business scope and identify new opportunities in the global market.”

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