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Plus-sized tractor manufacturer Buhler Industries has been bought by Turkish business ASKO Holding.
Late last year saw a lifeline thrown to plus-sized tractor manufacturer Buhler Industries, via its acquisition by Turkish business ASKO Holding.
Başak Traktör, which is a wholly owned subsidiary of ASKO Holding, completed the previously announced acquisition of Buhler, which in turn is owned by Combine Factory Rostselmash Ltd – best known for building combine harvesters.
In addition, Başak Traktör acquired all the outstanding debt of Buhler Industries that was owed to parent company Rostselmash. The aggregate cash purchase price paid by ASKO Holding was CAD$60.5 million. The transaction, made up of CAD$28.2 million for the company shares, around $4 million in transaction costs and the remainder in settlement of the debt, with delivery of 96.7% of the Buhler company shares.
Best known for its Versatile and Farm King brands, since the company started operating around 50 years ago, Versatile has the claim of being the first North American manufacturer to mass produce and market articulated four-wheel drive tractors.
Its plant on Clarence Avenue in Winnipeg, Manitoba, Canada has built over 100,000 tractors. Today’s line-up includes articulating fourwheel drive tractors from 405 to 620hp, tracked units from 530 to 620hp and fixed-frame front-wheel assist tractor models from 175 to 365hp.
A complete line of tillage equipment is complemented by Farm King, whose products include grain augers, mowers, bale carriers, snowblowers and compact implements.
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With the biannual Italian EIMA machinery Expo less than a month away, Case IH has taken out a Technical Evolution award for the Advanced Vehicle Suspension system available on its Optum 360–440 series tractors.
The Advanced Vehicle Suspension system, available on Optum 360, 390, and 440 models, responds to changing conditions, automatically adjusting how the suspension reacts to absorbs shocks and controlling vehicle movement.
In operation, sensors monitor the vibrations transmitted from the tractor chassis to the operator cabin, allowing the system to adjust suspension damping in real time. The control system incorporates key priorities, such as comfort at lower speeds and stability as speed increases, while also reacting to factors such as lower tyre pressures, where the tyres absorb more of the initial shock.
Case IH said as suspension requirements change throughout the working day, as tractors move between the paddock and road transport, the system manages suspension response in the background as tasks, speeds and conditions change, leaving the operator without the need to make manual adjustments.
Richard Hollins, Optum series tractors global product manager, said: “Pioneering technology must earn its place in the working day. Farmers and contractors will judge an investment by what it delivers, including manageable ownership costs, dependable up-time and the versatility to tackle different jobs. With AVS, we are putting intelligent control to work for comfort and stability, without giving the operator another setting to manage.”
Organised by FederUnacoma, the Italian Agricultural Machinery Manufacturers Federation, the contest has been part of EIMA since 1986, with the Technical Evolution distinction awarded to products that introduce original improvements to solutions already manufactured or patented.
www.caseih.com
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