Doosan Bobcat purchases Doosan Industrial Vehicles ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 7
Doosan Industrial Vehicles (DIV) is now a part of Doosan Bobcat after the compact equipment giant completed the acquisition of a 100% stake in the Doosan Corporation entity for $661.5m. DIV offers a wide range of material handling equipment, including forklifts, warehouse equipment and downstream businesses. Formerly known as the DIV Business Group (BG) of the Doosan Corporation, DIV announced on July 1 that it had split from Doosan Corporation and that its board of directors had appointed executive vice president, Taeil Kim, the head of DIV BG since 2020, as the new CEO of DIV. Founded in 1968, DIV was the first company to produce forklifts in Korea. DIV’s diverse product lines include 1.5-

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