On July 11, Doosan Bobcat announced plans to merge with Doosan Robotics, however the OEM is now backing down from that plan, according to a letter to Doosan Bobcat shareholders.
It's "a move aimed at prodding Bobcat to take an active role in expanding Doosan Group's business through M&As, for which Doosan Group is willing to spend several billion dollars."
According to an Oct. 5 report from The Korea Economic Daily, Daedong Industries — which goes by Kioti in North America — will supply Doosan Bobcat with multi-cylinder diesel engines for the next 5 years.
Doosan Bobcat, Inc., a company within Doosan Group, has announced its global branding strategy to create business and growth opportunities for the Doosan Bobcat product portfolio.
According to Doosan Bobcat's 3Q22 earnings report, the manufacturer brought in $1.8 billion in revenue in its third quarter 2022, up 33.2% year-over-year.
Company adding two additional locations in Reno and Atlanta to join its primary distribution center in Chicago; investment brings parts closer to customers with faster delivery times.
With accessibility to major airports and highways, these new facilities are located closer to customers and dealers, which will enhance the availability and delivery of Bobcat parts and attachment products throughout the U.S. and Canada.
Yanmar America is the North American headquarters of Yanmar Holdings. Ranked #1 in Product
Quality for five years in a row by the Equipment Dealers Association, Yanmar provides innovative
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Yanmar was the world’s first manufacturer to develop a practical small diesel engine in 1933 and
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equipment, Yanmar's products are sold in over 130 countries.
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