Industry News

KIOTI Tractor Spotlights Equipements G. Gagnon as Standout Dealer

For more than 45 years, Equipements G. Gagnon, a multi generational family-owned and operated equipment dealership in Canada, has steadily grown their business to become one of the leading tractor and farm equipment distributors in Québec. Founded in 1966 by Germain Gagnon, the dealership today is run by his sons Yvon and Jean. Equipements G. Gagnon's has become a popular dealership among tractor and farm equipment buyers because of their broad range of high-quality products and steadfast commitment to customer service.
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Cervus CEO Borrows $10.2 Million from Company to Facilitate Change to His RRSP

Cervus Equipment Corp. says it has provided a $10.2-million short-term loan to its chief executive officer, Peter Lacey, who is also the company's largest shareholder, president and chairman of its board. The farm equipment dealer said the loan will assist Lacey and a member of his family in reorganizing their registered retirement savings plans, following amendments to tax rules announced by the federal government on June 16.
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Agritechnica 2011: Record number of stand bookings

The international exhibition for agricultural machinery and equipment Agritechnica 2011, being held from 15 to 19 November 2011 (Preview days on 13 and 14 November) at the Exhibition Grounds in Hanover, has displayed a hitherto unrivalled appeal for manufacturers of tractors, agricultural machinery, accessories and spare parts from home and abroad. With 2,611 direct exhibitors and 48 additionally represented companies from 48 countries, DLG as organizer can report a new record level.
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AGCO to Acquire GSI Holdings

AGCO, a worldwide manufacturer and distributor of agricultural equipment, today announced that it has agreed to acquire GSI Holdings Corp. (GSI) from affiliates of New York-based Centerbridge Partners, L.P. for $940 million.
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