# Hyundai Heavy Industries outlines plans for Doosan Infracore acquisition

Hyundai Heavy Industries Group established Hyundai Genuine as an intermediary holding company after purchasing Doosan Infracore in August 2021. The plans include joint development of integrated excavator and wheeled loader platforms by 2025 and hydrogen engine development.

- Type: Acquisition
- Announced: 2021-11-25
- Where: South Korea
- Status: announced
- Products: excavators, wheeled loaders, construction equipment, hydrogen engines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hyundai Genuine](https://endata.com/companies/59228.md)
- [Hyundai Heavy Industries](https://endata.com/companies/1382.md) (acquirer)
- [Hyundai Construction Equipment Co., Ltd](https://endata.com/companies/17041.md) (partner)
- [Doosan Infracore](https://endata.com/companies/19475.md) (target)
- [Hyundai Genuine](https://endata.com/companies/59228.md) (investor)
- [Hyundai Genuine](https://endata.com/companies/59228.md) (partner)

## Sources

- [earthmoversmagazine.co.uk](https://www.earthmoversmagazine.co.uk/news/view,hyundai-outlines-its-plans-for-doosan-infracore_4980.htm), 2021-11-25: "Hyundai Genuine’s intention is to rank among the Global Top 5 construction equipment manufacturers, capturing 5% of global markets by 2025."
- [constructionequipmentmag.com](https://www.constructionequipmentmag.com/news/49217-hyundai-and-doosan-to-compete-under-genuine-tie-up), 2021-11-26: "Hyundai Genuine’s intention is to rank among the Global Top 5 construction equipment manufacturers, capturing 5% of global markets by 2025."
- [mequipment.ro](https://mequipment.ro/en/hyundai-si-doosan-vor-concura-in-cadrul-noului-grup-hg-hyundai-genuine/), 2021-12-03: "An intermediary holding company, Hyundai Genuine, has been established, following the purchase in August of Doosan Infracore, by Hyundai Heavy Industries Group."

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