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

  • Strong demand for concrete paving
    February 15, 2012
    Demand for concrete slipforming techniques is strong in several key expanding markets
    Read More
  • New deals between testing equipment companies are good news for customers
    May 22, 2014
    This month we report on two very different deals which see materials testing equipment companies in Italy and Australia joining forces and the result should be more competition, better machines and better prices for customers - Kristina Smith writes Italy’s CONTROLS Group has acquired Autralia’s IPC Global in a deal signed on 31 March this year.The first of two deals which see Italy and Australia joining forces came in March this year. CONTROLS Group acquired Australian material testing equipment manufactur
    Read More
  • The new agile world of the construction equipment industry
    June 22, 2015
    while worldwide for 2015 a crystalball would be helpful, in Europe the sector has already listed specific priorities it wants to tackle, and among these are the upcoming emissions regulations (see separate story), external trade and access to foreign markets, and market surveillance.
    Read More
  • David Beatenbough talks about LiuGong’s achievements and its ambitions.
    January 6, 2017
    The year 2012 has been a milestone for Chinese construction equipment manufacturer LiuGong. In January it announced completion of the purchase of Polish company HSW (Huta Stalowa Wola) and its distribution subsidiary Dressta, LiuGong’s first outright acquisition outside its domestic market. HSW produces bulldozers and other crawler machines, while LiuGong is ranked as the largest wheel loader manufacturer in the world, and is also said to be among the world’s fastest growing CE companies.
    Read More

Highlighted Content