Doosan Bobcat Cancels Merger with Doosan Robotics

Sep 05, 2024

On July 11, Doosan Bobcat announced plans to merge with Doosan Robotics, however the OEM is now backing down from that plan, according to a letter to Doosan Bobcat shareholders.

In the letter CEO and Vice Chairman Scott Park said, “Through the proposed integration with Doosan Robotics, we intended to advance our work in autonomous machines and artificial intelligence, while creating smarter, more capable machines for construction, landscaping, agriculture and logistics industries.

“We continue to believe that the proposal would support sustainable long-term growth and represent a valuable opportunity to align both shareholder interest and the Company’s objectives.”

However, according to Park, some of Doosan Bobcat’s stakeholders “shared critical views and diverse opinions.” After thorough review and internal discussions, the Board of Directors decided on Aug. 29., to withdraw the proposed comprehensive share exchange, he said.

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Video: Learning to Wrench From Dad the Hard Way

Harvest is a week out and the farm picked this week to fall apart. The truck needs a battery, the barn curtain's got a problem, and the corn and beans are telling us we're out of time to get it all fixed.

So it's a full day of wrenching. Tork supervises while I get the truck back running, then we're out at the hog barn where one rusted up part has the whole curtain system hung up. Ladder work, cable work, and a little dad-and-son disagreement about the right way to do it. We close it out walking the fields, shelling beans and checking corn, because whether everything's fixed or not, harvest starts when harvest starts.

Chapters: 00:00 Everything breaks the week before harvest 01:00 Tork supervises while I fix the truck 12:30 Out to the barn to find the curtain problem 14:30 One rusty part hung up the whole curtain 20:00 Running the curtain cable from the ladder 24:00 Walking the beans and corn before harvest 26:30 Wrapping up

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