Doosam buys Bobcat

19 March 2008

South Korea's Doosan Infracore has agreed to buy Ingersoll Rand's construction equipment businesses, including Bobcat, the world's largest manufacturer of compact equipment, for US$4,9 billion (€3,6 billion). The deal is the largest-ever acquisition in the construction equipment sector.

The acquisition includes Ingersoll Rand's attachments and utility equipment businesses, as well as Bobcat. These had total sales of $2,6 billion (€1,9 billion) last year, and generated operating profits of $370 million (€263 million). The assets being acquired include 16 factories in six countries around the world, and it also gives Doosan access to a network of more than 2700 dealers in the US and Europe.

Upon completion, Doosan will have a combined network of more than 3700 dealers worldwide, and 20 manufacturing plants. According to the company, the deal will also make it the seventh largest construction equipment manufacturer in the world.

Yongmaan Park, vice chairman of Doosan Infracore, said they would “maintain the current management to best utilise their expertise and skills in an effort to evolve Doosan Infracore into a truly global company.”

Latest News
Trackunit expands Kin functionality
New capability collects movement data from tagged assets in real time
GCCA reveals 7 ways to reach concrete ‘Net Zero’
The world’s leading cement and concrete manufacturers have made a global commit to cut CO2 emissions by a further 25% by 2030
How did Saudi Aramco perform this major lift at Fadhili gas plant?
Early 2021 saw a critical lift performed at the Fadhili gas plant in Saudi Arabia when a reboiler tube was removed for inspection. Mustafa Al Abdulmohsin reports