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Dec. 3, 2007 - Doosan Completes Acquisition Of Bobcat

December 3, 2007
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Doosan Infracore today announced that it has completed the acquisition of the Bobcat, Utility Equipment and Attachments businesses from Ingersoll Rand Co., Ltd.

Doosan paid $4.9 billion for the businesses, the largest overseas acquisition for a Korean company.

The company said 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 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 over 3,500 dealers worldwide and 20 manufacturing plants in the U.S., Europe and China.

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