2026/10/15

BDA advises HD Hyundai Marine Solution on acquisition of Goltens

has agreed to acquire

2026

BDA Partners is pleased to announce that its client, HD Hyundai Marine Solution (“HMS”), has agreed to acquire Goltens Worldwide Management Corp from its family shareholders. The transaction is anticipated to close in late Q4 2026 or early Q1 2027. 

BDA was the exclusive financial advisor to HMS. The transaction values Goltens at an equity value of US$247.5m. 

Goltens is a global provider of engine and turbine services, in-place machining solutions, and environmental and sustainability compliance solutions, serving ship owners and industrial operators worldwide. Increasingly, that work supports customers’ decarbonization, operational efficiency and retrofit requirements across the marine, energy and industrial sectors. 

The agreement brings together Goltens’ global engineering and service capabilities with the complementary strengths of HMS. Goltens will continue to operate as an independent service provider, maintaining the service approach, customer relationships and technical expertise that have defined its business for 85 years. Its global network of service centers and field engineering teams is expected to create strong synergies with HMS, better serving HMS’s growing aftermarket customer base with faster, closer-to-customer support worldwide.

Deal team

About Goltens

Goltens is a global, trusted partner of choice, providing comprehensive engine and turbine services, bespoke in-place machining solutions, energy control solutions, afloat services and environmental and sustainability compliance solutions through 28 service locations and 19 workshops across the Americas, Europe and Asia, serving more than 2,300 customers and 5,500 vessels. goltens.com

About HD Hyundai Marine Solution

HD Hyundai Marine Solution is HD Hyundai’s total solutions provider for the shipbuilding and marine industries, offering aftermarket and lifecycle solutions for vessels. It operates through three segments: AM Solutions (aftermarket parts, repair and maintenance, including 2-stroke and HiMSEN engine support and SmartCare warranty programmes), Retrofit/Eco-Friendly Solutions (decarbonisation retrofits, ammonia dual-fuel and FSRU conversions) and Digital Solutions (shaft generators and the OceanWise fleet management platform). hd-marinesolution.com

About BDA

BDA Partners is the global investment banking advisor. BDA is a premium provider of advice to sophisticated clients globally, with 30 years’ experience advising on cross-border M&A, capital raising and financial restructuring. BDA provides global reach with teams in New York and London, and true regional depth through Asian offices in Mumbai, Singapore, Ho Chi Minh City, Hong Kong, Shanghai, Seoul and Tokyo. BDA has expertise in the Chemicals, Consumer & Retail, Health, Industrials, Services, Sustainability and Technology sectors. BDA works relentlessly to earn clients’ trust by delivering insightful advice and outstanding outcomes.

BDA Partners has strategic partnerships with William Blair, a premier global investment banking business, and with DBJ, Development Bank of Japan, a Japanese government-owned bank with US$150bn of assets. US securities transactions are performed by BDA Partners’ affiliate, BDA Advisors Inc, a broker-dealer registered with the SEC. BDA Advisors Inc is a member of FINRA and SIPC. In the UK, BDA Partners is authorised and regulated by the FCA. In Hong Kong, BDA Partners (HK) Ltd is licensed and regulated by the SFC to conduct Type 1 and Type 4 regulated activities to professional investors. bdapartners.com

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