Senior Sales Advisor Mike Cleveland discusses distribution news following Kubota's acquisition of Great Plains Manufacturing in 2016. Great Plains Manufacturing is now the exclusive distributor of Kubota's Kverneland brand in the U.S., which was attractive for the dry new seeder. As part of the agreement, Great Plains also showed the PW100 plow at its fall shows.
Japanese farm machinery maker Kubota has announced it will be building its first European tractor factory in northern France, according to a report in the British publication Farmers Weekly.
With investors holding more than 78% of Kverneland shares agreeing to sell their holdings to Kubota by last week's offer deadline, the Japanese tractor manufacturer has all but secured control of one of the World's largest farm implement concerns.
The major shareholder of Kverneland, the Norwegian maker of farming implements, has reportedly sold its shares to Kubota, giving the Japanese tractor maker the upper hand in acquiring control of the firm.
Kubota, the Japanese maker of industrial machinery, raised its offer for Kverneland ASA to 1.62 billion kroner ($276 million), trumping counter bids from CNH Global NV (CNH) and Chery Heavy Industries Co. Ltd.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at Titan International’s 2024 results, and the tire manufacturers outlook for this year.
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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