Yanmar Group has completed its acquisition of compact equipment manufacturer ASV Holdings Inc. (ASV), a manufacturer of compact tracked loaders and skid-steer loaders. The acquisition was approved at the beginning of September of this year by ASV stockholders.
The demonstration in the Sri Racha District of Chonburi, southeast of the capital of Bangkok, served to draw attention to the labor-saving potential of autonomous technologies in agriculture.
Japan’s Yanmar group has reported an 80% drop in net profits for its 2018-19 financial year ended March 31, 2019, despite a 4% increase in revenues to the equivalent of $7.4 billion that built on the 2% rise recorded in the prior 12 month period.
International Tractors recently announced that they will begin selling their Yanmar and Solis branded tractors domestically in India, where they have been manufactured for years. The decision correlates to a current push from the Indian government to increase farmer’s wages and a drop in the Indian tractor market, leaving room for competition between brands.
A new manufacturer of utility all-terrain vehicles that — unusually — isn’t based in North America or Asia has launched a bid to crack the commercial and leisure UTV markets in the face of tough competition.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.