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Photo courtesy of Yonhap News |
[Alpha Biz= Moon Sunjung] Doosan Bobcat announced on January 23 that it has decided to halt its review of a potential equity investment in German construction equipment manufacturer Wacker Neuson.
In a regulatory filing, the company said it had examined the possibility of acquiring a stake in Wacker Neuson from multiple angles, but ultimately chose not to move forward with the transaction.
Doosan Bobcat explained that the decision was based on a strategic assessment aimed at maintaining financial soundness amid rapidly changing global business conditions, while securing sustainable mid- to long-term growth drivers.
Founded in 1848, Wacker Neuson is a leading German construction equipment specialist holding more than 400 patents worldwide. The company focuses on compact construction and agricultural equipment and operates globally, with a strong presence in Europe as well as markets in North America and Asia.
A Doosan Bobcat official said, “Our strategic direction of pursuing scale growth through mergers and acquisitions remains unchanged,” adding, “We will continue to execute our mid- to long-term strategy without disruption by maintaining a balance between growth, shareholder returns, and financial stability, while accelerating technological innovation.”
Alphabiz 문선정 기자(press@alphabiz.co.kr)
