Doosan Heavy buys Skoda Power

The Korean heavy industries company will pay $657 million for Skoda Power giving it access to proprietary technologies used in the construction of power plants.

Korean heavy industries company Doosan Heavy Industries Construction will buy Czech power plant equipment maker Skoda Power for 450 million $657 million.

Gyeongnam-based Doosan Heavy is buying 100% of Skoda Power from Skoda Holdings. The acquisition will give the Korean company access to the proprietary Skoda turbine technologies used in power plants, adding capabilities in the core technologies for boilers, turbines, and generators, which are the three key components of power plants. Following this deal, the Doosan group will...

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