Government Fleet Top News

Doosan Infracore Completes Acquisition of Bobcat, Utility Equipment, and Attachments Businesses from Ingersoll Rand

January 2, 2008

SEOUL, KOREA – Doosan Infracore has completed the acquisition of the Bobcat, Utility Equipment and Attachments businesses from Ingersoll Rand Company, Ltd. Doosan said that the three entities will operate as individual businesses of Doosan Infracore International, a U.S.-based subsidiary of Doosan Infracore, and will be known as Bobcat, Doosan Infracore Portable Power (formerly Ingersoll Rand Utility Equipment), and DII Attachments(formerly Ingersoll Rand Attachments).

“With operations in China, Belgium, France, the Czech Republic, and across the United States, the addition of these businesses will expand and strengthen our global manufacturing and sales networks, enabling us to reach more customers with a broader product portfolio than ever before,” said Yongmaan Park, vice-chairman of Doosan Infracore.

Doosan Infracore has paid $4.9 billion for Bobcat, Utility Equipment, and Attachments businesses in the largest overseas acquisition in Korea’s history.

With the completion of this transaction, Doosan Infracore becomes one of the top 10 global manufacturers of construction and utility equipment and related attachments in terms of pro forma sales, which will be approximately $7.5 billion. The company will now have a combined network of more than 3,500 dealers worldwide and 20 manufacturing plants in the United States, Europe, and China.

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