increase font size
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.
The arrival of new F8 and F9 designations for its 8000 and 9000 series forage harvesters, signals a swag of upgrades from John Deere, highlighted by topping the 1000hp mark for the first time.
Waikato-Bay of Plenty farmer Hugh Jackson recently secured this year’s FMG Young Farmer of the Year title in Invercargill.
Ashburton-based Carrfields has signed an agreement with Manitou to take over the distribution and retail rights for Manitou Agricultural Equipment covering the lower North Island and the South Island, effective August 1, 2025.
With June ending and following the most upbeat National Fieldays for several years, tractor dealers are reporting a lift in sales.
Samasz distributor FarmShop has introduced the new XDF Series Front Mowers, said to be refined for local conditions and to improve cutting precision and wear resistance.
The Government is set to announce two new acts to replace the contentious Resource Management Act (RMA) with the Prime Minister hinting that consents required by farmers could reduce by 46%.
Prime Minister Christopher Luxon says withdrawing from the Paris Agreement on climate change would be “a really dumb move”.
The University of Waikato has broken ground on its new medical school building.
Undoubtedly the doyen of rural culture, always with a wry smile, our favourite ginger ninja, Te Radar, in conjunction with his wife Ruth Spencer, has recently released an enchanting, yet educational read centred around rural New Zealand in one hundred objects.
Farmers are being urged to keep on top of measures to control Cysticerus ovis - or sheep measles - following a spike in infection rates.
The avocado industry is facing an extremely challenging season with all parts of the supply chain, especially growers, being warned to prepare for any eventuality.
OPINION: Your old mate welcomes the proposed changes to local government but notes it drew responses that ranged from the reasonable…
OPINION: A press release from the oxygen thieves running the hot air symposium on climate change, known as COP30, grabbed your…
