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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]
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.
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 ...
ORBCOMM and Doosan Launch Global End-to-End Telematics Solution Expands ORBCOMM's heavy equipment market leadership and OEM customer portfolio ROCHELLE PARK, N.J.--(BUSINESS WIRE)-- ORBCOMM Inc ...
GE Capital Extends Financing Relationship with Doosan Businesses, Including Bobcat, in U.S. and Canada Nearly 50,000 Bobcat units financed since 2008; relationship began in 1969 IRVING, Texas ...
In 2009, Doosan Heavy Industries and Construction acquired Czech-based power systems maker Škoda Power. Doosan VINA was completed in 2009. In 2010, Korea Electric Power Company ( Kepco ) granted Doosan Heavy Industries a $3.9 billion US dollar contract to supply equipment for four nuclear power reactors planned in the United Arab Emirates .