SCPE said its investment in DIV will support the company’s expansion in these markets.
DIV has held the pole position as the number one forklift manufacturer in Korea for over 10 years. The company has a diverse presence in 93 countries, and a strong local presence with more than 50% market share.
Standard Chartered Private Equity managing director Charles Huh said they are honoured to be able to deepen their relationship with Doosan Group via this investment in Doosan Industrial Vehicle.
"This partnership with a long term client of Standard Chartered Bank allows us to support Doosan Group’s ambition to grow and maximize the potential in DIV over the long term. We look forward to an even closer partnership with Doosan in the years ahead," Huh said added.
