Korean-based conglomerate Doosan Infracore has acquired Norwegian articulated dump truck maker Moxy, in a multi-million Euro deal.
The European company is best known for it’s line up of rugged haul trucks, including the flagship MT51 – which is still the biggest production ADT in the world.
For its part, Doosan has been on something of buying spree over the last twelve months. Recently the firm completed the purchase of little-known loader company Yantai Yuha Machinery for an undisclosed sum, while last year the acquisition of Bobcat and related parts of the Ingersoll Rand firm’s business in a deal that is said to have been the largest in PMV history.
In a statement the Korean firm said; “While Doosan will continue to plan and implement the branding, sales and marketing strategies for their new line of Moxy articulated trucks, the company is eager to share this positive development with its extensive network of dealers and customers, and will be distributing more information over the coming weeks.
In other news, Doosan have just been awarded the contract to build a major desalination plant in Abu Dhabi.