HD Hyundai Marine Solution has agreed to pay approximately $247 million for its Goltens acquisition, expanding its international engine maintenance and maritime aftermarket capabilities.
The agreement covers the purchase of a 100% stake, according to Yonhap’s report on the company’s disclosure dated 8 October 2026. The reported transaction value is approximately KRW 331.5 billion.
The deal would add 28 repair locations, 19 workshops and approximately 1,300 skilled personnel to HD Hyundai Marine Solution’s service resources. These facilities and staff support engine maintenance for both ships and land-based power plants.
Established in New York in 1940, Goltens services two-stroke and four-stroke engines from multiple manufacturers. Its wider activities include specialist machining, afloat repairs and environmental retrofits.
HD Hyundai Marine Solution plans to use the acquisition to strengthen its aftermarket business through a broader repair network and additional technical expertise. It also intends to apply Goltens’ customer support practices and service experience across the group.
Goltens will retain an independent operating structure led by its existing CEO. The company said customers would keep their current service contacts while the transaction awaits completion.
According to its sale announcement, Goltens expects completion towards the end of the fourth quarter of 2026 or early in the first quarter of 2027.
The company said its engineering teams and service facilities would support HD Hyundai Marine Solution’s aftermarket customers, including operators of HD Hyundai vessels and engines, while preserving established customer relationships.
