Maurizio Maschio and Enrico Polo, owners of the Milleuno-Imoco group known for its diversified business interests, are the new shareholders. The deal is expected to provide an increase in capital to finance a 5-year industrial strategy.
The company issued a statement saying no deal or discussions are in progress. The statement also says the company has achieved a 10% sales growth over 2014.
New Holland and John Deere were the market leaders as the top selling farm tractors during 2014 in 10 of the 14 European Union countries featured in the April 23 issue of the German publication Eilbote. Both are also among each country’s top five best-selling tractor brands for the year.
If the wide-ranging views ag machinery manufacturers hold about business alliances is at all reflective of where the industry is coming from, it's no wonder that some consider the industry to be fragmented and even fractured.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
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