Doosan explains decision to sell Montabert to Joy Global

Martin Knoetgen, president of Doosan Bobcat EMEA, says Montabert’s hydraulic breaker and drilling equipment didn’t form part of Doosan’s core business.

Last year, Doosan sold its French hydraulic breaker maker Montabert to Joy Global. Explaining the background to that divestiture, Martin Knoetgen, president of Doosan Bobcat in Europe, Middle East and Africa (EMEA), says the hydraulic breaker and drilling equipment ranges at Montabert did not offer good synergies with Doosan’s core operations.

“As a result, we decided to sell the business to Joy Global, where Montabert is an excellent fit with Joy’s core business of designing, manufacturing, distributing and servicing high productivity equipment for the global mining industry. This evolution provides Montabert and its employees with the opportunity to work for a global mining equipment business that is active in all major mining regions in the world,” says Knoetgen.

“Doosan Bobcat is committed globally to securing growth and maintaining the company’s position in the top tier of construction machinery manufacturers worldwide,” adds Knoetgen. As part of the strategy, Doosan Bobcat EMEA continues to focus on its core businesses in heavy and compact equipment, maximising synergies between different parts of our operations wherever possible to capture all growth opportunities in order to significantly grow the company’s business in EMEA.”

Equipment Africa says: Doosan’s continued focus on its core businesses will enable it to better service its customers, especially in difficult market environments. Concentrating resources on key priorities will allow the OEM to further execute its objectives of providing individual solutions for all different markets, whatever their challenges and demands.

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