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UST Co. Ltd

1,677-14.5%1Y · KRW

UST Co., Ltd. manufactures and sells stainless steel pipes and tubes in South Korea. Its products include pipes, clean tubes, and precision tubes used across various industries. The company was formerly known as U-Steel Co., Ltd. and changed its name to UST Co., Ltd. in 2017. Founded in 1990, it is headquartered in Pohang, South Korea, and operates as a subsidiary of Hwang Kum Steel & Technology Co., Ltd.

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UST completes majority takeover of Italdesign from Audi

US technology company UST has completed its purchase of a majority stake in Italian design and engineering firm Italdesign from Audi Group, part of Germany's Volkswagen. The deal, whose financial terms were not disclosed, was signed in December 2025. Following completion, UST now has majority control and operational oversight of Italdesign, which employs more than 1,300 people across ten sites worldwide. UST, headquartered in California, plans to back Italdesign's growth across its international footprint spanning over 30 countries. Lamborghini, Audi's performance-vehicle arm and formerly Italdesign's parent, retains a significant stake and remains within the Audi Group, while Audi will continue to work with Italdesign as a client and strategic partner. The combined offering will span from concept and design to hardware and software development and production systems, leveraging UST's expertise in digital engineering, AI, and technology transformation.
263770.KQ · Capital · Positive UST completes acquisition of majority control and operational oversight of Italdesign.
Italdesign · Capital · Positive Italdesign gains new majority owner UST backing its international growth.
Audi AG · Capital · Neutral Audi sells Italdesign majority stake but retains a significant stake and stays a client/strategic partner.
VOW.XETRA · Capital · Neutral Audi/Volkswagen divests majority stake in Italdesign to UST, a portfolio/M&A move for the group.
VOW3.XETRA · Capital · Neutral Volkswagen's Audi unit completes sale of Italdesign majority stake to UST.
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