AGCO and SDF join hands
Tractor and machinery manufacturer AGCO has signed a supply agreement with the European-based SDF Group, best known for its SAME, Deutz Fahr and Lamborghini tractor brands.
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.
Former Westland Milk boss Richard Wyeth is taking over as chief executive of Canterbury milk processor Synlait from May 19.
Listed carpet maker Bremworth says it’s preparing to call a special meeting requested by a group of disgruntled shareholders.
Listed carpet maker Bremworth has been rocked by a call from some shareholders for a board revamp.
New Zealand's largest celebration of rural sports athletes and enthusiasts – New Zealand Rural Games - is back for its 10th edition, kicking off in Palmerston North from Thursday, March 6th to Sunday, March 9th, 2025.
Southland breeder Tim Gow attributes the success of his Shire breed of hair sheep to the expert guidance of his uncle, the late Dr Scott Dolling, who was a prominent Australian animal geneticist.
Progeny testing at Pāmu’s Kepler farm in Southland as part of Beef + Lamb New Zealand’s Informing New Zealand Beef programme is showing that the benefits of hybrid vigour could have a massive impact on the future of beef breeding.
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