Doosan Infracore sold Montabert, its French construction and quarrying equipment manufacturer, to Joy Global Inc., a U.S.-based mining equipment manufacturer, for 110 million euros ($124 million).
Based in Lyon, France, Montabert is a global producer of hydraulic attachments including breakers (percussion hammer attachments) and drifters (rock drills placed on top of the feeds).
Doosan said in a statement: “Doosan Infracore has sold Montabert as part of its effort to sell its non-core assets in Europe, and will use the funds generated by the sales to focus on its core business areas.”
Doosan Infracore acquired Bobcat for $4.9 billion in 2007 in the largest overseas acquisition in Korea’s history.
Companies in this article
