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On July 11, Doosan Bobcat announced plans to merge with Doosan Robotics, however the OEM is now backing down from that plan, according to a letter to Doosan Bobcat shareholders.
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."
According to a report from Yonhap News Agency, Doosan Bobcat reported 1,400 compact tractors sold in the Jan.-May 2020 period, nearly half of its 3,000 tractor goal for the year.
According to a report from The Korea Times, Doosan Group has put up its share of Doosan Infracore for sale. This has been interpreted as a way for the group to maintain control of Doosan Bobcat amid financial trouble.
According to multiple reports, ag equipment manufacturers are opening their facilities in North Dakota and will be implementing strict guidelines to create safer work environments for employees during the pandemic.
West Fargo, N.D. — Doosan Bobcat announced it has completed its acquisition of the BOB-CAT Mowers and the Steiner and Ryan brands of grounds maintenance equipment from Schiller Grounds Care.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
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