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TAFE Acquires IMT to Move into Higher Horsepower Tractor Segment

April 1, 2018 | Posted in Equipment & Equipment Sales, Mergers & Acquisitions

Tractors and Farmer Equipment, TAFE, one of India’s largest tractor makers has acquired Serbian tractor maker IMT (Industrija Masina i Traktora). IMT manufactures equipment between 35-220 horsepower and the brand is well established in Eastern Europe, Northern Africa and the Balkans.

Mahindra’s Swaraj Tractors Extends Offerings to 75 Horsepower

April 1, 2018 | Posted in Equipment & Equipment Sales, Mergers & Acquisitions

The Mahindra & Mahindra owned tractor company, Swaraj Tractors is rolling out its new tractors models in the 60-75 horsepower range. According to the company, it is aiming to capture a significant share of the 50,000 units sold annually in the over 50 horsepower range.

Sonalika Tractors Eyes 5 New Markets, While Aiming for 20% Growth

March 1, 2018 | Posted in Mergers & Acquisitions

After receiving positive responses from farmers in Europe and Asia, Sonalika Tractors, part of International Tractors Ltd. (ITL), is looking to expand its reach in 5 more markets. Apart from expanding its reach, the company is also aiming for 20% growth in 2018 based on its Indian business and other markets it is already catering to.

Potential Turn Up in Sales Next Year?

September 1, 2017 | Posted in Data & Trends

According to the latest sales figures coming from the Assn. of Equipment Manufacturers, large ag equipment sales grew year-over-year in August on significant growth from Canada and narrower declines in the U.S.

Zetor Aims for New Markets for Its Tractors

June 1, 2017 | Posted in Mergers & Acquisitions

Utility tractor maker Zetor says it shipped 3,144 units globally in 2016, a 16% drop in units sold on top of the 9% fall experienced between 2014-15.

LS Mtron Takes Aim at Iran’s Farm Tractor Market

April 1, 2017 | Posted in Mergers & Acquisitions

South Korea’s second biggest tractor maker — the LS Mtron division of LS Group — aims to ship $15 million worth of tractors to Iran this year with a view to expanding its presence in the Middle East and Africa.

Kubota Takes Another Big Step Toward 'Mainstream' Ag Market

September 28, 2015 | Posted in Equipment & Equipment Sales

A traditional Kagamiwari ceremony, in which senior managers of Kubota Corp. and local dignitaries use wooden hammers to open Sake barrels, marked the official opening of Kubota’s first European production plant.

Rural Lifestyle Dealers Optimistic About 2014 Prospects

January 1, 2014 | Posted in Data & Trends, Equipment & Equipment Sales

Equipment dealers who cater to hobby farmers, large property owners and landscapers are banking on the economy continuing to improve to boost sales in 2014.

AGCO, CNH & Deere Share Western Europe Tractor Market

March 1, 2013 | Posted in Equipment & Equipment Sales

France continues to be the dominant player when it comes to tractor sales in Western Europe, and no one tractor maker dominates the market in the region.

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.

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