Doosan Bobcat acquires mower business

16 December 2019

Doosan Bobcat has announced its plan to acquire the Bob-Cat mower business from landscape equipment manufacturer Schiller Grounds Care.

Doosan bobcat logo

In a deal worth an estimated US$82 million (€73.5 million), Doosan will also take ownership of the company’s Steiner and Ryan brands.

Scott Park, CEO and President of Doosan Bobcat, said, “Mower is a must-have product to enhance our product competitiveness in the ground maintenance industry. And the acquisition will serve as an opportunity to accelerate business expansion in North America.”

According to Doosan, 810,000 zero-turn mower units are sold in North America every year, generating $4.8 billion. The last five years has seen the market grow at an average annual rate of 7.8%.

Park said, “We will focus on our capabilities to maximize synergy with existing products by rapidly expanding our business to light equipment markets through new products and channels.”

The deal, which includes Mower’s products and sales network, is expected to be completed by the end of this year.

Latest News
Profits up as Aggreko ‘de-risks’ business
Company has exited 25 countries since 2021
Chinese OEM launches electric skid steers
Yuchai Heavy Industry has unveiled a number of electric skid steer loaders
Construction and built environment ride ‘Ziggurat’ to return in 2024
The construction and built environment sector will gather for the seventh annual ‘Ziggurat’ bike ride