Doosan Infracore Sells Montabert

The company said it will use the funds generated by the sales to focus on its core business areas.

📅   Tue June 09, 2015 - National Edition
CEG


Doosan Infracore announced on Friday June 5 that it had sold Montabert, its French construction and quarrying equipment manufacturer, to Joy Global Inc., a U.S.-based mining equipment manufacturer, for 110 million euros.
Doosan Infracore announced on Friday June 5 that it had sold Montabert, its French construction and quarrying equipment manufacturer, to Joy Global Inc., a U.S.-based mining equipment manufacturer, for 110 million euros.

Doosan Infracore announced on Friday June 5 that it had sold Montabert, its French construction and quarrying equipment manufacturer, to Joy Global Inc., a U.S.-based mining equipment manufacturer, for 110 million euros.

Based in Lyon, France, Montabert is the global leader in the production of hydraulic attachments including breakers (percussion hammers attached to excavators used to demolish rocks) and drifters (rock drills placed on top of the feeds), recording an annual turnover of KRW 111.8 billion in 2014.

Doosan Infracore said in its statement: “Doosan Infracore has sold Montabert as part of its effort to sell its non-core assets in Europe, and will use the funds generated by the sales to focus on its core business areas.”