Friday, 11 April 2025 11:55

Buhler name to go

Written by  Staff Reporters
Buhler Industries, the publicly traded Versatile and Farm King equipment manufacturer, has been sold. Buhler Industries, the publicly traded Versatile and Farm King equipment manufacturer, has been sold.

Shareholders at a special meeting have approved a proposed deal that will see Buhler Industries, the publicly traded Versatile and Farm King equipment manufacturer, fully absorbed by Asko, its Turkish majority shareholder.

Although there will be no change to the brands or the dealer networks, the Buhler name is to be dropped. The new company, Amalco, is a wholly owned subsidiary of Asko Holdings, which purchased 96.7% of the shares of Buhler Industries in December 2023. Asko Holdings also owns Basak Traktor.

The company says the main reason for the change is that substantial investments are required over the next few years to modernise the Versatile tractor plant in Winnipeg and the Farm King factory in Morden, both located in Canada.

In a move to start both upgrades quickly, with limited disruptions to production, the common shares will be de-listed from the Toronto Stock Exchange and Buhler Industries will apply to cease to be a reporting issuer under applicable Canadian securities laws.

More like this

Farmer-led group buys Novag

While the name and technology remain unchanged and new machines will continue to carry the Novag name, all the assets, intellectual property and staff of the French manufacturer have been acquired by a new organisation called Agriculture Nouvelle Génération.

Featured

Farmers urged not to be complacent about TB

New Zealand's TBfree programme has made great progress in reducing the impact of the disease on livestock herds, but there’s still a long way to go, according to Beef+Lamb NZ.

Editorial: Making wool great again

OPINION: Otago farmer and NZ First MP Mark Patterson is humble about the role that he’s played in mandating government agencies to use wool wherever possible in new and refurbished buildings.

National

Machinery & Products

Farmer-led group buys Novag

While the name and technology remain unchanged and new machines will continue to carry the Novag name, all the assets,…

Buhler name to go

Shareholders at a special meeting have approved a proposed deal that will see Buhler Industries, the publicly traded Versatile and…

» Latest Print Issues Online

The Hound

Make it 1000%!

OPINION: The appendage swinging contest between the US and China continues, with China hitting back with a new rate of…

Own goal

OPINION: The irony of President Trump’s tariff obsession is that the worst damage may be done to his own people.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter