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A Crown Equipment dealership in Vandalia, Ohio. Crown Equipment Corporation is a privately held American manufacturer of powered industrial forklift trucks based in Ohio. The fifth-largest such manufacturer, Crown had $5.18 billion in worldwide sales revenue for fiscal year 2023. [1] The company was founded in 1945.
On January 1, 2018, Doosan and Doosan Bobcat were separated into independent companies. [6] In July 2021, Doosan Infracore was acquired by Hyundai Heavy Industries, which paid approximately $722.45 million for a 30% controlling stake in the company. Doosan Infracore is planned to become a subsidiary of the newly created Hyundai Genuine group. [7]
The Kellers' uncle, an equipment dealer for the Melroe Manufacturing Company based in Gwinner, North Dakota, suggested that Melroe market the machines, resulting in Melroe inviting the Kellers to exhibit at the 1958 Minnesota State Fair. Melroe introduced the four-wheeled M400 model "Skid-Steer Loader" in 1960, and began using "Bobcat" as a ...
Industrial Vehicle : Doosan Corporation Industrial Vehicle is a manufacturer of global logistics equipment, as well as engine-type forklifts and electronic forklifts. Mottrol : Doosan Corporation Mottrol was the first company in Korea to advance into the hydraulic industry.
In 2007, Ingersoll Rand sold Clark Equipment Company to Doosan International of South Korea. The sale included the Construction Equipment Group of Ingersoll Rand. [14] In July 2021, Doosan Infracore was acquired by Hyundai Heavy Industries, which paid approximately $722.45 million for a 30%, controlling stake in the company. Doosan Infracore ...
In 2021, Hyundai Heavy Industries Group purchased a 35 percent stake in Doosan Infracore for 850 billion won. [14] [15] However, Doosan Infracore's 51 percent stake in Doosan Bobcat was not included as part of the sale. [16] Hyundai Doosan Infracore changed its brand name to Develon and adopted the new corporate name HD Hyundai Infracore in 2023.
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