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

  • Fayat Group’s bullish outlook based on strong results
    April 26, 2018
    Jean Claude Fayat, president of the family-owned Fayat Group, said that the construction sector is now seeing strong performance, and this is helping group turnover. The road maintenance market is one business segment that is particularly healthy for the group at present. The Intermat show in Paris has also been good, with visitor numbers and customer enquiries noticeably up for 2018 compared with the show three years ago. He commented that visitors have also had a strong international profile and said: “I
    Read More
  • Gustavo Otero takes over the EMEA reins at Doosan Bobcat
    July 9, 2019
    Gustavo Otero has been appointed president for Doosan Bobcat’s Europe, Middle East and Africa (EMEA) region. Otero, who previously served as vice-president of the compact and telehandlers division, will be based out of Doosan Bobcat’s EMEA headquarters in Dobris, Czech Republic. He has an extensive 20-year background in the global construction equipment and automotive industries. His positions include vice-president of Doosan Infracore Construction Equipment EMEA business and was general manager at ex
    Read More
  • Rokbak, the new name for Terex Trucks
    September 2, 2021
    Volvo CE’s off-highway articulated hauler business Terex Trucks has rebranded as Rokbak.
    Read More
  • XCMG expanding range and developing products
    January 5, 2016
    The firm is steadily moving up the size scale with its machines, introducing heavy equipment aimed at the extraction industries, in addition to new and more versatile machines for construction users and road machinery. The firm is working hard to develop new large excavators and trucks to meet demand from the extraction industries. The large excavators and rigid trucks are now a key part of the product range as XCMG wants to increase its profile in the extraction sector. The company has also struck an a
    Read More

Highlighted Content