POSCO Holdings Inc. (KOSE:A005490) agreed to acquire 96.82% stake in Tera Technos Co., Ltd. from TERA SCIENCE.Co.,LTD (KOSDAQ:A073640) for approximately KRW 47,800 million on July 1, 2022. Tera Technos generated the Total assets of KRW 4,628 million, Total Debt of KRW 2,865 million, total equity of KRW 1,763 million and Net Income of KRW -1,762 million for the year 2021. Transaction is expected to close on July 5, 2022.

Ernst & Young Global Limited acted as financial and due diligence advisor to POSCO Holdings.