Doosan Robotics will take over Bobcat as a wholly owned subsidiary prior to the merger
Doosan Robotics will merge with Doosan Bobcat by early 2025.
According to a letter sent to Doosan Bobcat shareholders, Doosan Bobcat’s board of directors approved the share swap with Doosan Robotics in mid-July, and on the same day, Doosan Enerbility’s board of directors approved the spin-off merger.
Prior to the merger, Doosan Robotics will take over Bobcat as a wholly owned subsidiary.
In the shareholder letter, Doosan Bobcat CEO Scott Park says: “Through the spin-off merger and share swap, we aim to accelerate growth and business synergies by reshaping the group’s business structure into three pillars.
“By simplifying the business structure into Doosan Bobcat and Doosan Robotics’ Smart Machine, Doosan Enerbility’s Clean Energy, and Doosan Tesna’s Advanced Materials /Semiconductor, our goal is to maximise the performance of each business pillar.”
“Through the combination with Doosan Robotics, the company aims to innovate the manufacturing process and enhance technology development efficiency backed by R&D collaboration in the short term,” he adds.
“Eventually, we expect to lead future markets by developing new innovative products in the long term.
“Moreover, we believe that our global sales/manufacturing network, parts/service system, and financial capabilities will drive the growth of Doosan Robotics.”
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