# Hyundai Heavy Industries Holdings signs deal to buy 34.97% stake in Doosan Infracore for $757M

Hyundai Heavy Industries Holdings signed a definitive agreement to acquire a 34.97% stake in Doosan Infracore, a construction equipment maker, for 850 billion won ($757 million) from Doosan Heavy Industries & Construction. The deal is expected to close around Q3 2021.

- Type: Acquisition
- Announced: 2021-02-05
- Where: South Korea
- Value: $757.0M
- Status: announced
- Products: construction equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Doosan Heavy Industries & Construction](https://endata.com/companies/997.md) (partner)
- [Hyundai Heavy Industries](https://endata.com/companies/1382.md) (acquirer)
- [Doosan Infracore](https://endata.com/companies/19475.md) (target)

## Sources

- [kedglobal.com](https://www.kedglobal.com/mergers-acquisitions/newsView/ked202102050008), 2021-02-05: "South Korea’s Hyundai Heavy Industries Holdings Co. signed a definitive agreement on Friday to buy a controlling stake in Doosan Infracore Co., a construction equipment maker, for 850 billion won ($757 million)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.