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Doosan Bobcat buys stake in US radar maker AinsteinBy Yonhap
Published : Jan. 8, 2021 - 11:56
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)
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