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Posts Tagged ‘acquisition’

Doosan Acquire Moxy

On August 18, 2009 Doosan Infracore reported that DIEU, its subsidiary in Europe, signed a contract for taking over Moxy Engineering AS, a Norwegian business specializing in the production of ADTs, for €55 million (= 85.3 billion won) in connection with its bid to make a foray into the large-sized mining equipment market amid the expansion of the world heavy construction equipment market.

Moxy, located in Molde along Norway’s west coast, owns the source technology for 23 ~ 46 ton-class ADTs, and has networks for 61 dealers in Europe and North America, in addition to local sales corporations and R&D centers in the U.S. and the U.K.

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Doosan Gabelstapler

Timmerhellstraße. 35,
D-45478 Mülheim a.d. Ruhr
Telefon +49 (0)208 - 38768450
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