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HD Hyundai Infracore Co., Ltd. (Korean: 에이치디현대인프라코어; RR: Eichidi Hyeondae Inpeulakoeo), formerly known as Doosan Infracore, is a South Korean company that manufactures construction equipment and commercial and military engines. It is one of the largest construction equipment manufacturers by sales revenue. [2]
In 2011, Doosan renewed its licensing agreement with Wärtsilä-Sulzer for the construction of large marine propulsion engines, for which it is one of the world leaders. 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 ...
In 2007, Ingersoll-Rand sold Clark Equipment Company to the Doosan Group of South Korea, along with the rest of its construction equipment group for US$4.9 billion. The Clark Equipment Company now does business as Bobcat Company. Bobcat Company owns worldwide trademark registrations for its "Bobcat" name. [6]
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.
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 will become a subsidiary of the newly created Hyundai Genuine group. [15]
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