Doosan Group is set to reorganize its business structure around three key areas—clean energy, smart machines, and semiconductors & advanced materials—in a strategic move aimed at maximizing business synergies and enhancing shareholder value.
Starting from Jul. 11, the group will redistribute its affiliates according to these three key areas and restructure its governance accordingly.
Doosan’s major subsidiaries—Doosan Enerbility, Doosan Bobcat, and Doosan Robotics—each held board meetings and decided on plans for division, merger, and comprehensive stock exchange.
As part of this reorganization, Doosan will develop a diverse portfolio in the clean energy sector, covering eco-friendly energy businesses such as nuclear power, small modular reactors (SMR), gas and hydrogen turbines, offshore wind power, hydrogen and ammonia, and recycling.
Doosan Enerbility and Doosan Fuel Cell will be the primary drivers of the clean energy initiative. Meanwhile, in the smart machines sector, Doosan Bobcat and Doosan Robotics will combine their operations.
Also, Doosan Bobcat will be spun off from its parent company Doosan Enerbility and merged with Doosan Robotics through a comprehensive stock exchange, becoming a wholly owned subsidiary of Doosan Robotics.
As a 100% subsidiary of Doosan Robotics, Doosan Bobcat will leverage Doosan Robotics’ robotic technology to develop new products, while Doosan Robotics will utilize Doosan Bobcat’s networks, financing capabilities, and management infrastructure established in North America and Europe.
In the semiconductors and advanced materials sector, Doosan Tesna, a leader in the South Korea market for system semiconductor wafer testing, will be at the center of operations. This sector will also include the production of electronic materials used in semiconductors, mobile phones, and batteries.
Furthermore, Doosan Enerbility, which has functioned as the group’s intermediate holding company, will now concentrate on its core energy businesses, including nuclear power, SMR, and high-value-added segments like gas and hydrogen turbines.
Doosan also anticipates that this reorganization will improve its financial structure by reducing its debt by approximately 1.2 trillion won ($872.5 million).
