Doosan selling Montabert to Joy

Doosan has sold 100% of its holding in Montabert to Joy Global. The move is a strategic one for Joy, which is a major player in the worldwide underground mining industry. This move has been made as Montabert’s products and equipment are a good fit for Joy Global’s core business in high productivity mining equipment. The deal will provide Montabert with a strong market in the global mining industry. It also allows Doosan to further focus on capturing all growth opportunities in order to significantly grow th
June 10, 2015 Read time: 2 mins

695 Doosan has sold 100% of its holding in 2396 Montabert to Joy Global. The move is a strategic one for Joy, which is a major player in the worldwide underground mining industry. This move has been made as Montabert’s products and equipment are a good fit for Joy Global’s core business in high productivity mining equipment. The deal will provide Montabert with a strong market in the global mining industry. It also allows Doosan to further focus on capturing all growth opportunities in order to significantly grow the company’s business in Europe, the Middle East and Africa. The existing supply agreements between Montabert and Doosan for all 1130 Bobcat and Doosan branded products will continue. This will also ensure that the existing product support provided for the products to the Bobcat and Doosan dealers will continue.

Maintenance

For more information on companies in this article

Related Content

  • BOMAG is launching new road construction machines
    October 6, 2015
    German firm BOMAG continues to grow its presence in the road construction equipment sector. In the 10 years since BOMAG was purchased by the French Fayat Group, BOMAG has broadened its product range beyond being a leader in the compaction sector and invested heavily in its manufacturing facilities. It has also forged strong links with its Italian sister company Marini, the asphalt plant manufacturer, with the two jointly developing a wide array of asphalt road construction technologies. BOMAG recently he
    Read More
  • Doosan launches branding scheme
    January 6, 2017
    Doosan Portable Power, who will be exhibiting at Intermat 2012, has introduced a new branding scheme for the company’s leading ranges of portable air compressors, generators and lighting towers.
    Read More
  • Doosan launches branding scheme
    March 9, 2012
    Doosan Portable Power, who will be exhibiting at Intermat 2012, has introduced a new branding scheme for the company’s leading ranges of portable air compressors, generators and lighting towers.
    Read More
  • Hyundai deal for Doosan
    July 30, 2021
    Hyundai’s purchase deal for Doosan has been cleared.
    Read More

Highlighted Content