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Moxy Engineering AS &
Doosan Infracore Co Ltd
Update Date: 09/28/08
Date Announced: 08/17/08
Value (million $USD): 80.8 million U.S. Dollar
438.0 million Norwegian Krone
Status: Pending
TRANSACTION DETAILS
Date Announced08/17/08
Date Originally Announced08/17/08
FormatAcq. of AssetsAcquisition techniquesDivestiture
AttitudeFriendlyAgencyn/a
Value80.8 million U.S. Dollar
438.0 million Norwegian Krone
Advisor Feesn/a
SYNOPSIS
NORWAY - Doosan Infracore Co Ltd of South Korea planned to acquire Moxy Engineering AS, an Elnesvagen-based manufacturer of dump trucks, from Thomson Group, for 437.964 mil Norwegian kroner (83.954 bil Korean won/$80.764 mil US).
TARGET
NameMoxy Engineering AS
IndustriesMotor vehicle parts and accessories
CityElnesvagen
Staten/a
NationNorway
Incorporated inn/a
Public StatusSubsidiary
Business DescriptionMoxy Engineering AS, based in Elnesvagen, Norway, manufactures dump trucks. Its product range consists of Articulated Haulers and Tractor Units. The company was founded in 1969.
AdvisorsNULL
Target Salesn/a
ACQUIROR
NameDoosan Infracore Co Ltd (Seoul : 042670)
Industriesn/a
CityIncheon
Staten/a
NationSouth Korea
Incorporated inn/a
Public StatusPublic
Business DescriptionDoosan Infracore Co Ltd, based in Incheon, South Korea, manufactures construction machinery and equipment. The company was founded in 2002.
AdvisorsNULL
Acquiror Sales4.62 billion U.S. Dollar
4,280.14 billion Korean Won
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