Most Popular
-
1
1 in 3 Koreans live alone, family types becoming diverse
-
2
Korea, Japan finance chiefs vow to tame rampant FX market volatility
-
3
US 'incredibly concerned' about suspected NK-Iran military ties
-
4
K-pop group's manager dismissed for setting up spycam in theater dressing room
-
5
K-pop singer lost consciousness after being hit by foul ball, cancels show
-
6
Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
-
7
Why is Apple Pay struggling to get purchase in Korea?
-
8
Yoon's office denies considering liberal figures for key posts
-
9
Seoul says Fu Bao loan 'not going to happen'
-
10
Contentious grain bill put directly to plenary meeting for vote
South Korea's small-sized construction equipment maker Doosan Bobcat Co. said Friday that it has bought a stake in US radar maker Ainstein.
Doosan Bobcat did not reveal the vale of the deal, or how much stake it bought in the US company, citing a confidentiality agreement with the US firm.
The stake purchase is a preemptive move to dominate the unmanned small-sized construction equipment market, which has been growing at a rapid pace, Doosan Bobcat said.
Ainstein, based in Kansas, offers a full radar system for drones and unmanned aerial vehicles (UAV).
Doosan Bocat has maintained strategic and cooperative relations with Ainstein since 2018.
In April, the two companies signed a deal to develop a radar sensor for construction equipment.
Doosan Bobcat said it commercialized the iOS-based remote control technology Max Control for construction equipment in 2019.
iOS is Apple's mobile operating system. (Yonhap)
Doosan Bobcat did not reveal the vale of the deal, or how much stake it bought in the US company, citing a confidentiality agreement with the US firm.
The stake purchase is a preemptive move to dominate the unmanned small-sized construction equipment market, which has been growing at a rapid pace, Doosan Bobcat said.
Ainstein, based in Kansas, offers a full radar system for drones and unmanned aerial vehicles (UAV).
Doosan Bocat has maintained strategic and cooperative relations with Ainstein since 2018.
In April, the two companies signed a deal to develop a radar sensor for construction equipment.
Doosan Bobcat said it commercialized the iOS-based remote control technology Max Control for construction equipment in 2019.
iOS is Apple's mobile operating system. (Yonhap)
![[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/18/20240418050645_0.jpg&u=20240418181020)
![[Today’s K-pop] Zico drops snippet of collaboration with Jennie](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/04/18/20240418050702_0.jpg&u=)