Germany's Wacker Neuson says acquisition talks will stop with Doosan Bobcat (updated)

Wacker Neuson SE

22/01/2026 19:47

Adds Doosan's comment in paragraphs 4-5

Jan 22 (Reuters) - Wacker Neuson WACGn.DE said on Thursday that talks will not continue with South Korea's Doosan Bobcat 241560.KS to buy a majority stake in the German construction equipment maker.

The German company had said last month that it was in "advanced discussions" with Doosan Bobcat over an acquisition of around 63% of its shares from major shareholders and a launch of a public all-cash takeover offer to remaining shareholders.

The Wacker Neuson Group remains focused on its strategy to pursue sustainable growth, the company said in a statement on Thursday.

Doosan Bobcat said in a company filing that it had reviewed the acquisition of Wacker Neuson, but decided not to proceed. It did not elaborate on the reason for not moving forward.

Doosan Bobcat is a unit of Korean conglomerate Doosan 000150.KS.

 (Reporting by Hyunsu Yim in Barcelona and additional reporting by Heejin Kim in Seoul; Editing by Chris Reese, Sahal Muhammed and Ed Davies)

 ((Hyunsu.Yim@thomsonreuters.com;))