You've got Moxy

  • 10-Sep-2008 03:21 EDT
DIEU, Doosan Infracore’s European subsidiary, signed a contract for taking over Moxy Engineering AS, a Norwegian business specializing in the production of articulated dump trucks (ADTs), for €55 million in connection with its bid to enter the large-sized mining equipment market amid the expansion of the global heavy-construction-equipment market. Moxy, located in Molde along Norway’s west coast, owns the source technology for 23- to 46-ton (21- to 42-t) class ADTs and has networks for 61 dealers in Europe and North America in addition to local sales corporations and R&D centers in the U.S. and UK. Doosan Infracore plans to increase the annual sales of Moxy by five-fold to €250 million by 2012, fully utilizing its network of 300-plus dealers in China, Europe, and North America.
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