Doosan Bobcat Inc. (KOSE:A241560) agreed to acquire Mottrol Co., Ltd for approximately KRW 250 billion on June 12, 2024. A cash consideration of KRW 246 billion will be paid by Doosan Bobcat Inc. As of December 31, 2023, Mottrol Co., Ltd reported total assets of KRW 294.31 billion and total common equity of KRW 228.54 billion. The expected completion of the transaction is September 30, 2024.