Doosan Robotics will merge with Doosan Bobcat by early 2025. According to a report in the Korea Economic Daily, it's "a move aimed at prodding Bobcat to take an active role in expanding Doosan Group's business through M&As, for which Doosan Group is willing to spend several billion dollars."
Prior to the merger, Doosan Robotics will take over Bobcat as a wholly owned subsidiary, which Doosan Group said was to smooth the merger process as it relates to its creditor banks and administrative procedures.
According to the report, the merger will expand Doosan Robotics global sales network, utilizing Bobat's 1,500 global dealerships.
Through the corporate restructuring, Doosan Group aims to reshuffle its core businesses into three key sectors: clean energy; smart machines such as robots; and semiconductors and advanced material, Korea Economics Daily reports.
The full report can be found here.
