The company's origins date to the establishment of a metal engineering factory in Brod in 1921, it expanded throughout the 20th century, becoming a major regional enterprise of its type, active in rail vehicle manufacture including locomotives, industrial boilers, power plant construction, and large scale metal structures including bridges.

Development of the company continued in the 1930s with the factory beginning to produce vessels for the chemical industry, cranes, and powered railway vehicles.

Post World War II the factory employed 1330 people (1945), after reconstruction of the war damaged buildings it was renamed Đuro Đaković Industrija šinskih vozila, industrijskih i energetskih postrojenja i čeličnih konstrukcija Slavonski Brod in 1947, after Brod born communist politician Đuro Đaković.

[1] A company manufacturing industrial scale expansion joints was established in 1974 in association with Teddington Bellows (UK).

Involvement in construction of railway vehicles (including liquified gas wagons), factories, and power plants also continued.

[1] The research, testing and certification branch of the company was split in 1993 forming ĐURO ĐAKOVIĆ-Centar za istraživanje i razvoj d.o.o.

[8] The construction subsidiary Đuro Đaković Montaža d.d., separate company since 1996, manufacturer and installer of power, petrochemical and other industrial plants, steel bridges (since 2004), and oil platforms (since 2003) became a subsidiary of Bilfinger Berger in the Bilfinger Berger Power Services division in 2009.

The companies other main activity is manufacture of rail freight wagons; as of 2012 the product range includes side tipping, bottom discharge, covered including curtain wall and sliding door, ISO container carrying, and tank wagons for bulk powders.

Since the beginning of the 21st century the company began to provide civil engineering services for housing, factory, and business construction projects.

[16] ĐĐ Proizvodnja opreme manufactures large scale metal structures for power and industrial plants, including rotary kiln and mill structures for the cement industry and pressure vessels including columns, heat exchanges and reactors.

[17] ĐĐ Strojna obrada manufactures rail vehicle wheelsets; locomotive frames; mechanical transmission components for locomotives, agricultural machinery, and other industries; oil well equipment (valves, well heads, pump units); and slewing rings for tanks and windmills.

The M-95 Degman is a prototype Croatian Main Battle Tank developed from the M-84 based on experimental M-91 Vihor.

[25] In early 2024, up to 149 M-84AB tanks were sent to the Djuro Djakovic factory from Kuwait for refurbishment and repairs with the wide belief among military analysts they will be then sent to Ukraine.