The Danish owners of ag equipment manufacturer Kongskilde put up a ‘for sale’ sign for the business in March, saying it needs a strong partner or a new owner to realize its full potential.
Better known through its JF-Stoll brand, the business has been acquired by DLG Group, a $7 billion co-op that already owns a majority holding in Kongskilde Industries, another Danish ag equipment manufacturer.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.