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Corporation
ENERGY & UTILITIES
doosan.com

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Investments

1

Portfolio Exits

3

Partners & Customers

10

About Doosan Corporation

Doosan Corporation provides infrastructure support and power generation equipment. As a global infrastructure support business (ISB) provider, the group is specialized in power generation, seawater desalination, heavy machinery and construction equipment, construction and engineering, and advanced machinery. Doosan Group companies include Bobcat Company (construction equipment), Doosan Skoda Power (steam turbines) and Doosan Babcock (engineering and services). Doosan employs more than 3,000 people in the United States and 43,000 people in 38 countries worldwide.

Doosan Corporation Headquarter Location

Doosan tower, Euljiro 6-ga Jung-gu

Seoul, 100000,

South Korea

82 2 708 5001

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Latest Doosan Corporation News

Industry Roundup: Doosan adds North Carolina dealer locations

Jan 18, 2022

Doosan Doosan Infracore North America is growing its presence on the East Coast with the addition of two new ACT Construction Equipment locations in Raleigh and Ashville, North Carolina. The new stores expand the dealership to six locations in North Carolina and Virginia. “We’re encouraged by the success and continued growth of ACT Construction Equipment in the southeast,” says Adam Howard, regional director, Doosan Infracore North America. “There’s a lot of opportunity in these markets to grow the Doosan brand, and we’re confident that ACT Construction Equipment will provide exceptional sales, service and parts to our customers.” ACT Construction Equipment has carried Doosan heavy construction equipment since late 2018. The stores will provide sales, rental, parts and service for the full lineup of Doosan equipment. Terry Hoops Named Minnesota Rep for Dawes Terry Hoops has been named the territory sales representative for Minnesota for Dawes Rigging & Crane Rental, a member of the ALL Family of Companies. Hoops, a three-decade veteran of equipment sales, will be responsible for Dawes’ bare and operated rentals as well as all equipment sales covering the entire state. LiftOne Acquires Briggs Equipment Atlanta Location Following its acquisition of Briggs Equipment’s Atlanta operations, LiftOne has been named the Hyster and Yale dealer for the metropolitan area. LiftOne is one of the largest material handling dealers in the U.S., with six locations in Georgia and 19 locations throughout its five-state service area. ARA to Award $128,500 in Scholarships In an effort to attract talent to the equipment and event rental industry, the American Rental Association Foundation will award $128,500 in scholarships for the 2022-2023 academic year. In total, 66 individual scholarships are available with amounts ranging from $750 to $5,000. Students seeking higher education through trade schools, universities and community colleges may apply for multiple awards if eligibility requirements are met. Interested students should visit  ARArental.org/ARA-Foundation/scholarships to learn more and to apply before the March 7, 2022, deadline. MANUFACTURERS & SUPPLIERS Liebherr names new Liebherr USA Managing Director Liebherr has appointed Dr. Tim Gerhardt as a new managing director within its U.S. operations based in Newport News, Virginia. Gerhardt will share executive responsibilities with Kai Friedrich, managing director for Liebherr USA and divisional director of construction equipment. In his role, Gerhardt will oversee strategic development and communication for all corporate, finance and administrative functions at Liebherr USA. He previously served as managing director of Liebherr-Ettlingen GmbH's remanufacturing center. Gerhardt replaces Dr. Torben Reher, who plans to return to Germany after six years of leading the organization. Eric Linner replaces Craig Paylor as LGMG North America Mobile elevating work platform manufacturer LGMG North America has announced the retirement of Craig Paylor as president and CEO, effective January 1. Eric Linner, who previously held the role of senior vice president of national accounts, will replace him. In addition, Senior Vice President Rusty Kaylor has also decided to retire. “Eric is the right leader to take our North American business operations to the next level,” says Yanyu Shi, chairman of the board of directors of LGMG. “His extensive access equipment experience and business development skills will help strengthen our distribution partnerships, expand our strategic alliances and solidify our brand in the North American market.” Kohler Acquires EV supplier Curtis Instruments Kohler’s power division has announced the acquisition of Curtis Instruments, an electrification partner to OEMs across a broad range of markets including material handling, mobile elevated work platforms, construction, turf, select on-road segments and more. Curtis’ product portfolio spans motor speed controllers, HMIs and instrumentation, power conversion, CAN modules and other accessories. The acquisition expands and diversifies Kohler’s power portfolio by leveraging Curtis’ electrification expertise with Kohler’s gasoline and diesel engine business. Curtis Instruments will operate as a standalone entity within the Kohler Power Group with Stuart Marwell, President, reporting to Brian Melka, Group President – Power. Founded in 1960, Curtis Instruments employs approximately 1,100 individuals and operates in 16 countries, including manufacturing locations in Puerto Rico, Bulgaria, China and India. Peterbilt Ends 2021 with Strongest Dealer Network Ever Peterbilt closed 2021 with its strongest dealer network in company history. The company invested at a record level to improve service capacity through relocations to larger facilities, adding mobile service trucks, hiring more technicians, and expanding by 15 locations to over 410 locations across the United States and Canada. The newest dealership locations are found in California, Texas, South Dakota and Louisiana. Related Stories

Doosan Corporation Investments

1 Investments

Doosan Corporation has made 1 investments. Their latest investment was in SiO2 as part of their Corporate Minority on December 12, 2021.

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Doosan Corporation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/21/2021

Corporate Minority

SiO2

$100M

Yes

2

Date

12/21/2021

Round

Corporate Minority

Company

SiO2

Amount

$100M

New?

Yes

Co-Investors

Sources

2

Doosan Corporation Portfolio Exits

3 Portfolio Exits

Doosan Corporation has 3 portfolio exits. Their latest portfolio exit was Doosan Corporation - Forklift Unit on February 22, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/22/2021

Divestiture

$99M

2

9/4/2020

Divestiture

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$99M

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10

7/29/2020

Acquired

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$99M

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10

Date

2/22/2021

9/4/2020

7/29/2020

Exit

Divestiture

Divestiture

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

Doosan Corporation Acquisitions

5 Acquisitions

Doosan Corporation acquired 5 companies. Their latest acquisition was ACT Independent Turbo Services on July 26, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/26/2017

$99M

Acquired

2

7/11/2016

Other

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$99M

$99M

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10

7/19/2014

Series E+

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$99M

$99M

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10

9/1/2007

Other

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$99M

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10

4/1/2000

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$99M

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0

Date

7/26/2017

7/11/2016

7/19/2014

9/1/2007

4/1/2000

Investment Stage

Other

Series E+

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Acquired

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Sources

2

10

10

10

0

Doosan Corporation Partners & Customers

10 Partners and customers

Doosan Corporation has 10 strategic partners and customers. Doosan Corporation recently partnered with AI Clearing on August 8, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

8/26/2021

Licensor

AI Clearing

United States

AI Clearing : Announces Strategic Global Partnership with Doosan Mobility Innovation

The partnership will integrate AI Clearing 's AI-powered construction progress monitoring capabilities into Doosan 's first-of-a-kind hydrogen-powered drone products to deliver granular visibility for large infrastructure projects .

1

4/20/2021

Partner

FANUC

Japan

Fanuc forms alliance with Doosan on workforce development

Paul Aiello , director of education , Fanuc , says : `` Our collaboration will provide secondary and post-secondary schools with hands-on skill development , and industry-recognized certifications using world-class Doosan machine tools combined with Fanuc 's industry-leading CNC controls .

1

1/27/2021

Licensor

ModuleWorks

Germany

1

11/19/2020

Partner

SK Ecoplant

South Korea

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10

6/22/2020

Client

Korea Electric Power Corporation

South Korea

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10

Date

8/26/2021

4/20/2021

1/27/2021

11/19/2020

6/22/2020

Type

Licensor

Partner

Licensor

Partner

Client

Business Partner

AI Clearing

FANUC

ModuleWorks

SK Ecoplant

Korea Electric Power Corporation

Country

United States

Japan

Germany

South Korea

South Korea

News Snippet

AI Clearing : Announces Strategic Global Partnership with Doosan Mobility Innovation

The partnership will integrate AI Clearing 's AI-powered construction progress monitoring capabilities into Doosan 's first-of-a-kind hydrogen-powered drone products to deliver granular visibility for large infrastructure projects .

Fanuc forms alliance with Doosan on workforce development

Paul Aiello , director of education , Fanuc , says : `` Our collaboration will provide secondary and post-secondary schools with hands-on skill development , and industry-recognized certifications using world-class Doosan machine tools combined with Fanuc 's industry-leading CNC controls .

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Sources

1

1

1

10

10

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