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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)
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