Doosan Bobcat acquires stake in US radar tech company
Equipment maker aims to integrate new tech into development of autonomous compact equipment
Doosan Bobcat has bought a stake US radar technology developer Ainstein, with a view to advance its offerings in unmanned solutions for autonomous compact equipment.
Doosan Bobcat did not reveal the value of the deal, or how much stake it bought in the company, citing a confidentiality agreement with the US firm. According to Doosan Bobcat, “the stake purchase is a pre-emptive move to dominate the unmanned small-sized construction equipment market, which has been growing at a rapid pace”.
Ainstein is based in Kansas and offers a full radar system for drones and unmanned aerial vehicles (UAV). Doosan Bocat has maintained strategic and cooperative relations with Ainstein since 2018 and in April last year the two companies signed a deal to develop a radar sensor for construction equipment.
Doosan Bobcat said it commercialised the iOS-based remote control technology Max Control for construction equipment in 2019 and will integrate key radar technologies from Ainstein in its products very soon.
