Kverneland AS, a subsidiary of Kubota Corporation, has decided to acquire B.C. TECHNIQUE AGRO-ORGANIQUE SAS as a wholly owned subsidiary. BCT is a company that manufactures agricultural machine equipment known as implements.
Kverneland Group, a subsidiary of Kubota Corp., is bolstering its presence in the hay tools market by acquiring an 80% shareholding in ROC, an Italian manufacturer of reel-and-belt type hay mergers.
And so the fun begins! Kubota has publicly begun its attempt to wrest a share of the mid- to upper horsepower tractor market from established players in Europe, while also declaring its intention that “Kubota” will become the future brand for its field equipment lines.
Strong overseas sales of farm machinery, engines and construction equipment helped Kubota Corp. increase its consolidated revenues by 24.6% for its fiscal year ended March 31, 2014.
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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.