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

  • Rapid adoption of GPS machine control
    February 10, 2012
    The high sophistication of GPS machine control systems has resulted in a fast pace of technological advancement. The three major players in the machine control sector, Leica Geosystems, Topcon and Trimble have all made major gains in recent years. The sophistication of the latest systems can combine satellite position data from the GPS and GLONASS networks with information from total stations to provide precise, high speed machine operation. Further more the firms have also prepared themselves for the intro
    Read More
  • Dynapac’s new future within the Fayat Group
    March 8, 2018
    Dynapac is now part of the Fayat Group and is a new sibling for fellow road machinery firm BOMAG - Mike Woof writes. The purchase of Dynapac from its previous owner, Atlas Copco, by the Fayat Group did generate some comment in the construction machinery sector. Dynapac, a long-standing player in the road machinery segment, is a rival to a firm that is already a key component in the Fayat Group, BOMAG. Both BOMAG and Dynapac make ranges of soil compactors, asphalt compactors, asphalt pavers and milling m
    Read More
  • Intermat’s Middle Eastern opportunity
    January 6, 2017
    More than 200 companies are preparing to take part in INTERMAT Middle East being held at the Abu Dhabi National Exhibition Centre from October 8-10 2012. Guy Woodford spoke to the ambassador of the UAE to France and senior figures in three exhibiting companies about the significance of the event and what they are looking to achieve through it.
    Read More
  • Intermat’s Middle Eastern opportunity
    April 17, 2012
    More than 200 companies are preparing to take part in INTERMAT Middle East being held at the Abu Dhabi National Exhibition Centre from October 8-10 2012. Guy Woodford spoke to the ambassador of the UAE to France and senior figures in three exhibiting companies about the significance of the event and what they are looking to achieve through it.
    Read More

Highlighted Content