HD Hyundai acquires Goltens for $247m

HD Hyundai Marine Solution, a South Korean conglomerate, has agreed to acquire Goltens, a Dubai-based marine engineering and repair firm, for $247m, with the deal expected to complete by the end of 2026 or early 2027.

Why it matters. The acquisition will enhance HD Hyundai’s services for vessels and engines, positioning the combined entity to better serve the marine, energy, and industrial sectors.