One Equity Partners, a middle market private equity firm, today announced that it has made a minority investment in agricultural tractor attachment equipment maker CBM.

The press release cited staff shortages and an uncertain agricultural market as reasons the company is leaving the large ag equipment business.

The extensive investment will allow the building of a clean energy laboratory to test fuel cells for alternative fuels and select electric drives that will reduce farmers’ fleet emissions.

The last few years have seen several ag equipment manufacturers make moves in the Indian market, particularly Kubota with its acquisition of a 44.8% stake in Indian tractor manufacturer Escorts.

The improvements include modifications to the assembly line to enhance agility and speed, the renovation and extension of the logistics area; and the introduction of the all-new CR11 range with 7,000 new parts being added to the manufacturing logistics area.