M&A Deal Summary

Hyundai Glovis Acquires Eusu ShipManagement

On July 17, 2017, Hyundai Glovis acquired marine company Eusu ShipManagement for 10M USD

Acquisition Highlights
  • This is Hyundai Glovis’ 1st transaction in the Marine sector.
  • This is Hyundai Glovis’ largest (disclosed) transaction.
  • This is Hyundai Glovis’ 1st transaction in South Korea.

M&A Deal Summary
Date 2017-07-17
Target Eusu ShipManagement
Sector Marine
Buyer(s) Hyundai Glovis
Deal Type Add-on Acquisition
Deal Value 10M USD

Target

Eusu ShipManagement

Busan, South Korea
Eusu ShipManagement Co. Ltd. is a ship management company that provides vessel equipment, safety management, crew training and marine engineering services. Eusu ShipManagement Co. Ltd. was established in 2006 and is headquartered in Busan, South Korea.

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Buyer(S) 1

Buyer

Hyundai Glovis

Seoul, South Korea
Category Company
Founded 2001
Sector Transportation
Employees1,497
Revenue 25.68T KRW (2023)
DESCRIPTION

Hyundai Glovis is a provider of logistics services primarily for the automobile sector. Hyundai Glovis was founded in 2001 and is based in Seoul, South Korea.

DEAL STATS #
Overall 2 of 2
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (South Korea) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-21 Adampol SA

Zascianki, Poland

Adampol SA is a logistics company. Adampol transporter of vehicles in Europe, acts as a carrier for 400,000 luxury brand vehicles including BMW, GM and Toyota. Adampol SA was founded in 1990 and is headquartered in Zascianki, Poland.

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