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On January 1, 2018, Doosan and Doosan Bobcat were separated into independent companies. [6] In July 2021, Doosan Infracore was acquired by Hyundai Heavy Industries, which paid approximately $722.45 million for a 30% controlling stake in the company. Doosan Infracore is planned to become a subsidiary of the newly created Hyundai Genuine group. [7]
A Crown Equipment dealership in Vandalia, Ohio. Crown Equipment Corporation is a privately held American manufacturer of powered industrial forklift trucks based in Ohio. The fifth-largest such manufacturer, Crown had $5.18 billion in worldwide sales revenue for fiscal year 2023. [1] The company was founded in 1945.
In 2008, Doosan Infracore's Construction Equipment Business Group acquired 100% of the company from Thomson Group, and changed the name as Doosan Moxy AS. [1] In 2011, the Moxy name was dropped and latest trucks were marketed under just the Doosan brand, rather than the previous Doosan-Moxy marque.
Industrial Vehicle : Doosan Corporation Industrial Vehicle is a manufacturer of global logistics equipment, as well as engine-type forklifts and electronic forklifts. Mottrol : Doosan Corporation Mottrol was the first company in Korea to advance into the hydraulic industry.
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In 2021, Hyundai Heavy Industries Group purchased a 35 percent stake in Doosan Infracore for 850 billion won. [14] [15] However, Doosan Infracore's 51 percent stake in Doosan Bobcat was not included as part of the sale. [16] Hyundai Doosan Infracore changed its brand name to Develon and adopted the new corporate name HD Hyundai Infracore in 2023.
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