# Doosan Group plans to spin off forklift business to Doosan Bobcat

Doosan Group is planning to spin off its forklift operation, Doosan Corporation Industrial Vehicle, into construction equipment affiliate Doosan Bobcat, with foreign advisors tapped to discuss the acquisition.

- Type: Acquisition
- Announced: 2021-02-22
- Where: South Korea
- Value: $660.0M (750.0B KRW)
- Status: rumored
- Products: forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Doosan](https://endata.com/companies/4295.md)
- [Doosan](https://endata.com/companies/4295.md) (target)
- [Doosan Bobcat](https://endata.com/companies/11956.md) (acquirer)
- [Doosan Corporation Industrial Vehicle](https://endata.com/companies/53392.md) (target)
- [Doosan Material Handling Solution](https://endata.com/companies/53769.md) (target)

## Sources

- [kedglobal.com](https://www.kedglobal.com/corporate-restructuring/newsView/ked202102220003), 2021-02-22: "Doosan Group has tapped foreign advisors to discuss Doosan Bobcat's acquisition of the group's forklift operation, Doosan Corporation Industrial Vehicle."
- [kedglobal.com](https://www.kedglobal.com/us/corporate-restructuring/newsView/ked202102220003), 2021-02-22: "Doosan Group has tapped foreign advisors to discuss Doosan Bobcat's acquisition of the group's forklift operation, Doosan Corporation Industrial Vehicle."
- [lexology.com](https://www.lexology.com/library/detail.aspx?g=0e9549eb-0a9a-4d5d-8efa-6a9973e9e18b), 2021-03-11: "Doosan Bobcat Inc. will acquire 100% of the issued shares of the Target."
- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20210311010000320), 2021-03-11: "Doosan Bobcat Co. said Thursday that it has decided to buy the forklift business division from Doosan Corp. for 750 billion won."

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