Titan Machinery (NASDAQ:TITN) announced today that it has closed on the previously announced acquisition of Haberers Implement, consisting of one Case IH brand agriculture equipment dealership located in Bowdle, S.D.
Haberers Implement’s location in north central South Dakota provides excellent access to the expansive geography west of the Missouri River and is strategically located to benefit from the diversified crop, livestock, and ranching market in the area. The dealership complements Titan Machinery’s existing dealerships in Aberdeen, Wishek, Redfield, and Highmore. In its most recently reported fiscal year, Haberers Implement generated revenue of $5 million.
About Titan Machinery
Titan Machinery, founded in 1980 and headquartered in West Fargo, North Dakota, is a multi-unit business with mature locations and newly acquired locations. The company owns and operates a network of full service agricultural and construction equipment stores in the United States and Europe. The Titan Machinery network consists of 95 dealerships in North Dakota, South Dakota, Iowa, Minnesota, Montana, Nebraska, Wyoming, Wisconsin, and Colorado including two outlet stores, as well as 10 European dealerships in Romania and Bulgaria. The Titan Machinery dealerships represent one or more of the CNH Brands ((NYSE: CNH), a majority-owned subsidiary of Fiat Industrial (Milan: FI.MI)), including Case IH, New Holland Agriculture, Case Construction, New Holland Construction, Kobelco and CNH Capital. Additional information about Titan Machinery Inc. can be found at www.titanmachinery.com.