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AEI Newsmakers: August 2024

August 15, 2024 | Posted in Ag Equipment Business, Equipment & Equipment Sales
  • Doosan Robotics will merge with Doosan Bobcat by early 2025. Prior to the merger...
  • CNH announced the appointment of Ryan Schaefer as new vice president of New Holland Ag North America...
  • AGCO entered into an agreement to sell the majority of its Grain & Protein business to American Industrial Partners...
  • According to CEMA’s August survey of EU ag equipment manufacturers, 6% consider their current business... 
  • JP Morgan analysts view USDA’s Aug. 12 WASDE report as negative for U.S. farmers considering...
  • Trimble reported 2Q revenues of $870.8 million, down 12% year-over-year. For the full-year 2024...
  • Kinze announced Aug. 1 that it will be reducing its workforce. The reduction affects 193 of Kinze’s 815...
  • Alamo Group reported 2Q net sales of $416.3 million, down 5.5% year-over-year...

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AEI Newsmakers: July 2023

July 17, 2023 | Posted in Dealers & Dealerships
  • The USDA WASDE report showed 2023-24 ending stock estimates for U.S. new crops above consensus.
  • AGI SureTrack successfully defeated patent challenges brought by Farmers Edge.
  • CEMA said the general business climate index for the European ag equipment industry has deteriorated.
  • Burro has partnered with Pacific Ag Rentals (PAR) to add Burro agricultural robots to PAR’s pool of equipment.
  • AGvisorPRO has expanded its partnership with Case IH dealership Young’s Equipment.
  • CNH Industrial told Barron’s in a June 27 report that it has recently hired 500 engineers from several automakers.
  • Guardian Agriculture announced a Series A fundraiser of $20 million.
  • Horsch introduced its autonomous planter concept at the Bahia Farm Show.

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AEI Newsmakers: April 2023

April 15, 2023 | Posted in Ag Equipment Business, Mergers & Acquisitions
  • Tarter Farm and Ranch Equipment Acquired by Platinum Equity, Partners with Yanmar
  • CNHI Looking for ‘1 or 2 Transformational Investments’
  • Nokian Tyres Sells Russian Operations
  • Mahindra Acquires Orchard Sprayer Manufacturer, Launches New Tractor Brand
  • USDA WASDE: Corn Imports Down, Soybeans Unchanged
  • California Lifts Drought Limits
  • CEMA Business Climate Index Down in April

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