Acquisition Of Bobcat
Doosan Infracore, South Korea’s largest construction equipment maker, has recently acquired Bobcat, the world’s largest compact construction and concrete equipment company, from Ingersoll-Rand for a sum of US $4.9 billion.
The buy-out is the biggest ever overseas acquisition by a South Korean company. It is also the biggest recorded consolidation in the construction equipment industry. The deal also includes Ingersoll-Rand’s attachments and utilities equipment businesses and comes just two years after Doosan moved to take over its national rival, Daewoo Heavy Industries.
The takeover is expected to almost double Doosan Infracore’s sales revenue to an estimated US $7.4 billion and take the company into the top seven of global construction companies. The acquisition of Bobcat will serve to strengthen Doosan Infracore’s existing product line, while also extending it’s presence in the North American and European markets.
