A 36% increase in revenues from sales of tractor-mounted loaders and agricultural trailer components in the third quarter is helping drive Jost Werke towards €1 billion ($1.1 billion) turnover for the first time.
Jost is paying €154.6 million ($168 million) — said to be equivalent to an enterprise value of €250 million ($272 million) — for Ålö and its global tractor loader operations for which a world market share of around 30% is claimed.
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In this episode of On the Record, New Holland Agriculture President Carlo Lambro talks about the future of the company's North America network. In the Technology Corner, Noah Newman takes a look at the recently award-winning One Smart Spray system.