Bumhan Industries consortium acquires 82.38% of Doosan Mecatec for KRW 86.5bn
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- $60m
- Stake
- 82.38%
- Implied 100%
- $72m
- Revenue
- $203m
- Op. income
- $8m
- Multiples
- EQV/EBIT 9.5xPSR 0.4x
Deal value ÷ stake (structure unconfirmed)
2021 · Multiple reports agree
2021 · Multiple reports agree
On implied equity value
- Target
- Doosan Mecatec · Chemical process equipment
- Buyer
- Bumhan Industries consortium · SI
- Seller
- Doosan Enerbility; Metistone PEF
- Structure
- —
- Announced
- Jun 7, 2022
- Closed
- —
- Stage
- Closed
Target
Chemical process equipment maker founded in 1964 with design and manufacturing technology for liquefied-hydrogen storage vessels. It posted 2021 revenue of KRW 294.1bn and operating profit of KRW 11.1bn.
Deal rationale
Doosan Enerbility said the sale aimed to accelerate its shift to an eco-friendly energy-centred structure and improve financial soundness (Bizhankook). Bumhan Industries said it would apply Doosan Mecatec's chemical equipment and hydrogen liquefaction technology to its existing business, invest in it and make no job or welfare cuts. Bumhan Fuel Cell CEO Jeong Young-sik said the group would extend its hydrogen value chain from production to storage and use (Sidae). Reports cited liquid-hydrogen storage technology and synergy with Bumhan Fuel Cell as the acquisition drivers.
| Revenue | $203m |
| Operating income | $8m |
| EBITDA | — |
| Net income | — |
2021 · Multiple reports agree (not yet checked against DART)
Press coverage
- 머니S (2022-09-19): “범한퓨얼셀 모회사 범한산업, 865억원에 두산메카텍 인수”
- 조선비즈 (2022-06-07): “범한산업 컨소시엄, 두산에너빌리티 자회사 ‘두산메카텍’ 인수”
- 비즈한국 (2022-06-10): “친환경 에너지 중심 사업구조 개편 가속화와 재무구조 건전성 제고”
- 뉴데일리 (2022-06-14): “1050억원 가운데 900억원은 선지급, 나머지는 2025년까지 3회 분할”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.