April 20, 2024
Industrials
Doosan Bobcat to acquire Schiller Grounds Care’s zero-turn mower biz
Doosan Bobcat said Dec. 3 it will acquire the zero-turn mower business of US grounds care equipment manufacturer Schiller Grounds Care.
Under the agreement, Doosan Bobcat will acquire Schiller Grounds Care’s manufacturing facility in Wisconsin and its three brands of grounds care equipment -- the BOB-CAT Mowers, Steiner and Ryan.
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Doosan Bobcat said the deal is estimated to be about $82 million and is expected to be finalized by the end of this year.
“As a pillar of our growth strategy, this acquisition will complement our existing business and expand our footprint to additional, growing industries,” Scott Park, CEO of Doosan Bobcat, said in a statement.
The company added it will also expand dealer networks in southern and western regions of the United States where demand for lawn mower equipment is high.
By Ram Garikipati and newswires (ram@heraldcorp.com)
