Doosan Sale: What You Need To Know

 

On February 4, 2021, a Share Purchase Agreement was signed between Doosan Infracore and Hyundai Heavy Industries Holding. Under the agreement, Hyundai Heavy Industries Holding will acquire a 35% controlling stake in Doosan Infracore.

There are currently no plans to merge Hyundai Construction Equipment and Doosan Infracore. Both companies, along with their people, dealer networks and brands will be kept independent from one another once the sale is final.

What does that mean for you?

Doosan customers can expect the same innovation, distribution and support they receive today.

What’s the timeline for this agreement?

With an agreement signed, Hyundai Heavy Industries Holding (HHIH) will continue its due diligence. Assuming no complications arise, a final sale should be completed sometime Q3 of this year. Doosan products will continue to be distributed and supported as they are today until and after the sale.

What changes can I expect after the sale?

Doosan is a successful entity, and HHIH intends to leverage that success. Because of that, Doosan will remain an independent brand and operate as it does today for at least three years after the deal is finalized.

That means customers can expect the same level of service from a dealer network that will continue to sell, rent, service and support the Doosan brand. Doosan will continue to operate with its own staff and distribution separately from Hyundai Construction Equipment.

Doosan Infracore North America, LLC, will continue to support its dealers and customers throughout the United States and Canada with the industry’s best equipment, leading technologies and innovations, and unmatched customer service and support.

What if I have further questions?

Please check this page throughout the year for updates related to the sale. And always feel free to contact us.