Tag Archive for 'Doosan'

Doosan Bobcat completes acquisition of BOB-CAT Mowers, and the Steiner and Ryan grounds maintenance brands

Doosan Bobcat Inc., a global leader in the compact equipment industry, today announced it has completed its acquisition of the BOB-CAT Mowers and the Steiner and Ryan brands of grounds maintenance equipment from Schiller Grounds Care, Inc.

“We are pleased and proud to welcome the BOB-CAT, Steiner and Ryan team members into the Doosan Bobcat family,” said Mike Ballweber, president of Doosan Bobcat North America. “We are bringing great people and strong brands into our organization to help further grow our business and reach more customers and markets.”

Doosan Bobcat announced the signing of a definitive agreement in December 2019 to acquire BOB-CAT Mowers and the Steiner and Ryan brands of grounds maintenance equipment, including the Johnson Creek, Wisc., manufacturing facility. Approximately 200 employees at the manufacturing facility and members of the distributor and dealer direct field sales and technical support teams will join Doosan Bobcat.

“A dedicated group has been working on the integration plans, and we are excited about what our expanded team and new brands will accomplish together,” said Ballweber. “This will position Doosan Bobcat to offer a broader range of quality products and solutions to our dealers, distributors and customers.”

The investment is part of Doosan Bobcat’s long-term, strategic growth initiatives as a global leader in the compact equipment industry, in addition to demonstrating its long-term commitment to employees and the communities in which it operates.

Doosan Bobcat was advised by law firm Barnes & Thornburg LLP, and Croft & Bender LP served as financial advisor to Doosan Bobcat. Schiller Grounds Care Inc. was advised by law firm Blank Rome LLP, and BDO Capital Advisers LLC served as financial adviser to Schiller Grounds Care, Inc.

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ABOUT DOOSAN BOBCAT INC.
Doosan Bobcat, a leading global manufacturer of construction, agriculture and landscaping equipment, attachments and services, is committed to empowering people to accomplish more. As a part of the Doosan Group, which employs 43,000 people in 38 countries worldwide, the company offers its customers products and solutions to help build stronger businesses and communities. Based in Seoul, South Korea, with its North America headquarters in West Fargo, North Dakota, Doosan Bobcat is home to world-renowned brands. This includes: Bobcat® compact equipment; Doosan Portable Power products; BOB-CAT Mowers; Ryan and Steiner grounds maintenance equipment; and Geith attachments. For more information, visit doosanbobcat.com.

ABOUT DOOSAN BOBCAT NORTH AMERICA
Doosan Bobcat North America, is the U.S. and Canadian subsidiary of Doosan Bobcat Inc. As a leading global manufacturer of construction, agriculture, landscaping and grounds maintenance equipment, attachments and services, the company is committed to empowering people to accomplish more. For more information, visit bobcat.com.

Doosan Bobcat celebrates opening of The Studio, a digital innovation center

State-of-the-art facility in downtown Fargo is designed to accelerate digital and technology advances and host collaborative community innovation events

From left to right: Mike Ballweber, president, Doosan Bobcat North America; Dr. Tim Mahoney, Mayor of Fargo; Scott Park, CEO of Doosan Bobcat; and Joel Honeyman, Vice President of Global Innovation, Doosan Bobcat, commemorate the opening of The Studio with a unique ribbon-cutting ceremony performed with the use of a collaborative robot (cobot). 

Doosan Bobcat (Bobcat), a global leader in the compact equipment industry, today announced the opening of The Studio, a data innovation center located in Fargo, North Dakota. The Studio will advance development through digitalization and new technologies by bringing members of the company’s research and development teams together with academic centers, entrepreneurs and emerging companies to advance community innovation and foster hands-on collaboration in a high-tech environment.

In addition, Bobcat is partnering with Emerging Prairie, a local nonprofit organization focused on accelerating entrepreneurship in North Dakota, to bring area business leaders and innovators together to exchange ideas and share best practices through future technology events and programming held at the Bobcat Studio.

“We are the industry leader and want to continue building on this proud legacy, so we are committed to digital innovation and accelerating Bobcat’s spirit of collaboration,” said Doosan Bobcat CEO Scott Park. “As we work to deliver new insights and solutions to the marketplace, there is no limit to the technological advances expected to occur at The Studio.”

The 11,000-square-foot Studio is located on two, adjoining floors of the historic and iconic Black Building, at 118 Broadway in downtown Fargo. The facility features an open concept design with high-tech project team rooms, lounge areas, meeting rooms, standing desks and a pitch room with sliding, curved walls and a high-resolution large screen for presentations and video to collaborate with outside partners. The ceilings are open with exposed vintage brick walls, giving the space a modern industrial feel. The project’s design and construction team include Shultz + Associates Architects and the Kilbourne Group.

“Innovation is at the core of what Bobcat has stood for in its 60-year history,” said Doosan Bobcat North America President Mike Ballweber. “Our customers count on us to enhance their productivity. From this space, our work, along with collaboration with industry and higher education partners and researchers, will help us deliver next-generation products, services and solutions.”

The Studio will initially house members of Bobcat’s Fargo-based engineering, innovation, marketing, IT, telematics, and digital experience project teams. The number of team members working in the facility will fluctuate throughout the year depending on the projects being pursued and explored.

In partnership with Emerging Prairie, Bobcat will soon announce and host a series of peer group sessions with key area business leaders who have an interest in integrating and advancing technology and data into their businesses. In addition, Bobcat and Emerging Prairie will team up to launch an innovation-themed challenge event, which will pair businesses with students and community members. These teams will then present their technology-driven, business advancement ideas in a startup-style, pitch competition.

“The Studio presents a unique opportunity where innovation thrives,” said Doosan Bobcat Vice President of Innovation Joel Honeyman. “We are excited to bring individuals and students from our community into an environment that fosters creative thinking and encourages collaboration between businesses and industries for a brighter tomorrow.”

At the official grand opening event held today, CEO Scott Park, President Mike Ballweber, Vice President of Global Innovation Joel Honeyman and Fargo Mayor Tim Mahoney provided remarks. They were joined by college and university leaders, Bobcat employees and area business and community members who are leading innovation efforts in the Fargo-West Fargo-Moorhead community to commemorate the opening of the Studio with a unique ribbon-cutting ceremony performed with the use of collaborative robots (cobots). 

“This new facility symbolizes Bobcat’s dedication to advancing innovation in our business and industry,” Honeyman added. “Today, we take this step with our community’s entrepreneurs and technology leaders as partners.”

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Doosan Bobcat North America partners with SafeAI to begin advanced autonomous research for compact equipment

 Doosan Bobcat North America has partnered with SafeAI – a startup company located in Silicon Valley – to explore how advanced artificial intelligence (AI) technologies could be incorporated into Bobcat® equipment. Through this pilot program, SafeAI plans to demonstrate how the latest AI technologies, Deep Neural Networks (DNN) and Deep Reinforcement Learning (DRL), can be used to perceive complex dynamic environments around equipment and provide automated control.

“At SafeAI we are building a safe, AI-enabled autonomous platform for the equipment industry,” said Dr. Bibhrajit Halder, CEO and co-founder of SafeAI. “We look forward to beginning our partnership with the global market leader in compact equipment.”

The partnership is part of Doosan Bobcat North America’s initiative to identify forward-looking solutions to help equipment owners and operators maximize their productivity.

“We live in an on-demand, highly connected world,” said Joel Honeyman, vice president of global innovation at Doosan Bobcat North America. “The customers who purchase our machines expect to have the latest and greatest technology at their fingertips. Through our partnership with SafeAI, we hope to work toward our ultimate goal of enabling our customers to work more efficiently on the job site.”

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About SafeAI
At SafeAI, we believe the equipment industry is on the cusp of fundamental change due to recent progress in autonomous and artificial intelligence technologies. The SafeAI platform enables transformational change in the industry by:
• Improving safety – assisting or removing people from hazardous environments
• Increasing productivity – greater equipment utilization and task optimization
• Reducing operational cost – implementing fleet management systems that orchestrate tasks and equipment
SafeAI combines cutting-edge artificial intelligence technology with the safety and production rigor needed in the equipment industry. For more information, visit safeai.ai.

About Doosan Bobcat North America
Doosan Bobcat North America is the U.S. and Canadian subsidiary of Doosan Bobcat Inc., representing the world-renowned brands of Bobcat® compact equipment, Doosan® portable power products and Geith® attachments. These companies are industry leaders in the engineering, manufacturing, and marketing of compact construction equipment, generators, air compressors, lighting systems, light compaction equipment, and attachments.