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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 Doosan Infracore excavator. During the financial crisis in 1997, Daewoo collapsed, and its affiliates were sold to other companies.Daewoo Heavy's shareholders first approved separating the firm's shipbuilding and machinery operations into stand-alone companies, Daewoo Shipbuilding & Marine Engineering and Daewoo Heavy Industries & Machinery.
It was a subsidiary of the Ingersoll Rand Company from 1995 until July 2007, when it was sold for US$4.9 billion to South Korean company Doosan Infracore. [2] The company sells skid steer loaders, compact excavators, side-by-sides, compact tractors, mowers, and other small hydraulic equipment under the Bobcat brand name. It is one of the few ...
HD Hyundai XiteSolution is another sub-holding company that oversees heavy equipment business, having HD Hyundai Infracore and HD Hyundai Construction Equipment as subsidiaries. [ 5 ] HD Hyundai Oilbank is one of the four major oil refiners in South Korea, along with SK Energy , GS Caltex , and S-Oil .
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.
In 2007, Ingersoll Rand sold Clark Equipment Company to Doosan International of South Korea. The sale included the Construction Equipment Group of Ingersoll Rand. [14] 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 ...
HHI was founded in 1972 by Chung Ju-yung as a division of the Hyundai Group, and in 1974, completed building its first ships. [5] In 2002, the company was spun-off from its parent company. [6]
Altrad Babcock Ltd (formerly Doosan Babcock Ltd.) is a power sector OEM, construction, upgrade, and after-market services company that offers specialist services and technologies to the fossil-fired power generation, nuclear power generation, and oil, gas, and petrochemical industries.