HD Hyundai Marine Solution decided to acquire stakes in Goltens New York and Goltens Oslo, global ship engine maintenance service companies, for KRW 331.4 billion.

HD Hyundai Marine Solution decided to acquire stakes in Goltens New York Corp. of the United States and Goltens Oslo AS of Norway, which provide maintenance and engineering services for ship and land engines and mechanical equipment, for KRW 331.5 billion. The transaction involves acquiring 100% of Goltens New York Corp. and 41.07% of Goltens Oslo AS. The company said the purpose is to secure global technical service capabilities and overseas service networks. The transaction closing date is scheduled for February 28, 2027 and may change depending on approval of the business combination by domestic and foreign regulatory authorities and satisfaction of conditions precedent under the contract.

1. 01

   The company will acquire 100% of issued shares in Goltens New York Corp. (United States) and 41.07% of issued shares in Goltens Oslo AS (Norway) from Kasper Family Holdings LLC and 2 other holding companies.

2. 02

   The board of directors resolved on October 8, 2026, with all 4 independent directors in attendance.

3. 03

   An external valuation firm (a Korean accounting firm) calculated the value of acquired assets using the discounted cash flow method at $216,286 to $261,069, and stated that there is no basis to determine that the actual acquisition amount of $247,527,966 is inappropriate from a materiality perspective.

4. 04

   Funding will be provided from IPO proceeds, and the company plans to close the transaction on February 28, 2027, subject to approval of the business combination by domestic and foreign regulatory authorities and satisfaction of conditions precedent under the share purchase agreement.

An AI model translated the Korean summary of this filing into English; every number is carried over from the Korean original. Reference information, not investment advice.

Key figures

Acquisition amount

KRW 331.5 billion

Number of shares acquired

13,479 shares

Stake after acquisition (GNY)

100.0%

Stake after acquisition (GO)

41.07%

Scheduled acquisition date

February 28, 2027

Ratio to total assets

26.05%

Filing facts

Filing type

Investment

Report name

Decision on Acquisition of Shares in Another Company

Filed

Oct 8, 2026

Receipt number

20261008000497