Doosan Infracore to buy Bobcat

CNN Money reports that South Korean firm Doosan Infracore is buying Bobcat machinery.

Once known as Daewoo Heavy Industries & Machinery, Doosan Infracore is buying Bobcat from Ingersoll-Rand for $4.9 billion dollars.

According to Doosan Infracore, the sale of Bobcat will make the company the world’s seventh largest construction equipment maker.

One thought on “Doosan Infracore to buy Bobcat

  1. This is a sad time in American business. Bobcat is truly an American company founded by the Melroe brothers. This company has never lost money and never had a layoff. I have been a loyal Bobcat owner since 1969. I don’t know what I will do for my next skid steer purchase. I will probably go to compteitive bid. Where in the past I have always gone to my Bobcat dealer and just said have a unit ready for on this date. The corporate heads @ Ingersoll have nothing in mind except the bottom line. NICE GOING.

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