|
|
Article: Doosan Infracore to buy Ingersoll-Rand units for US$4.9 bln.
- Article from:
- YON - Yonhap News Agency of Korea
- Article date:
- July 31, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SEOUL, July 30 (Yonhap) -- Doosan Infracore Co., South Korea's largest construction equipment maker, said Monday that it has signed a deal to buy three units of U.S.-based Ingersoll-Rand Co. for US$4.9 billion as part of its efforts to beef up its overseas business.The acquisition is the biggest-ever overseas acquisition by a South Korean company.
Doosan Infracore said its overseas unit, to be set up later, will buy the multinational industrial company's compact equipment unit, utility equipment and attachments divisions, it said in a regulatory filing with the Korea Exchange.The three units have 73 operations in 27 countries, and 16 factories in 16 ...