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

  • Volvo CE selling Blaw-Knox asphalt paver business
    August 3, 2020
    Volvo CE is selling its Blaw-Knox asphalt paver business.
    Read More
  • XCMG develops overseas presence
    April 29, 2015
    Chinese construction equipment manufacturer XCMG is in the process of developing its operations outside of its home market, in a bid to strengthen its international profile XCMG recently won a large export order of 80 machines to the Middle East, which will raise the profile of the brand in this market. The deal is significant for XCMG as it gives the company a stronger foothold and greater brand recognition in the Middle East, helping with its plans to develop exports. The machine order includes an a
    Read More
  • Liebherr retains positive business outlook
    November 6, 2020
    Liebherr retains a positive business outlook, despite the pandemic.
    Read More
  • Advances in earthmoving are seeing new excavators and ADTs
    March 11, 2014
    Key manufacturers are introducing new excavators and ADTs featuring the latest diesel engine technology, while there are developments too in the grader sector - Mike Woof reports The start of 2014 was always going to be a key year for the construction equipment sector, given the commencement of the Tier 4 Final/Stage IV emissions regulations for North America and Europe. This phased introduction of ever tougher emissions regulations has been a long process, as well as a very costly one in terms of resear
    Read More

Highlighted Content