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

  • Ritchie Bros. acquires online equipment listing service Mascus
    February 19, 2016
    Canada-based Ritchie Bros. Auctioneers has acquired the online equipment listing service Mascus International Holding for US$26.6 million in cash. The deal gives Ritchie Bros. 100% of the equity in Mascus, subject to working capital adjustments under the terms of the share purchase agreement. Mascus will continue to operate under its branding and management team. The company lists more than 360,000 items for sale and gets around 3.2 million monthly website visits across 58 countries and in 42 language
    Read More
  • BKT makes green tyre move
    June 27, 2024
    Tyre firm BKT is making a move towards greener tyres.
    Read More
  • Versatility for demolition and recycling
    July 31, 2012
    A growing demand for equipment to be used in recycling applications is helping boost the market for demolition attachments Manufacturers have been keen to invest in technology, developing new models and with more innovations to come. There are several key players in the hydraulic breaker sector, with Atlas Copco and Sandvik dominating this market segment. However other breaker manufacturers are major players too, including Indeco, Furukawa and NPK, while there are also specialist attachment producers such a
    Read More
  • Russia to become the world’s largest infrastructure market?
    February 20, 2012
    Russia should be one of the largest and most dynamic infrastructure markets in the world over the next 15 years, and now "the time is right to begin a major push." Patrick Smith reports
    Read More

Highlighted Content