Beomhan Industry Becomes Largest Shareholder with 82.38% Acquisition of Doosan Mecatec

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] Doosan Enerbility has disposed of its entire stake in Doosan Mecatec, a subsidiary it acquired in 2020.

On the 19th, Beomhan Industry, the parent company of Beomhan Fuel Cell, completed the acquisition of Doosan Mecatec and became the largest shareholder.

According to Doosan Mecatec on the 19th, Beomhan Industry acquired 4,548,593 shares, representing 82.38% of Mecatec's stock, for 86.499 billion KRW.

The remaining 17.62% was taken by Metis Stone Innovation Growth No.1 Private Equity Partnership, a private equity fund participating in the acquisition as part of the Beomhan Industry consortium.

Established in 1964, Doosan Mecatec is a company that supplies all chemical engineering equipment and possesses design and manufacturing technology for liquefied hydrogen storage vessels.

According to the company, Beomhan Industry judged that in the hydrogen ecosystem era, liquefied hydrogen, which has better transportation and storage efficiency than gaseous hydrogen, is becoming important, and this was a major reason for acquiring Doosan Mecatec's liquefied hydrogen storage technology.

Jung Young-sik, the largest shareholder of Beomhan Industry and CEO of Beomhan Fuel Cell, said, “Through labor-management harmony, we will increase productivity and expand the hydrogen industry's value chain from production to storage and utilization stages, aiming to become a full-cycle hydrogen company and enhance corporate value.”

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