If employees at off-highway vehicle driveline components specialist AxleTech are familiar with the term Déjà vu — the feeling of having experienced the present situation before — then that is surely what they are feeling just now. Because AxleTech has just been sold for a second time by global investment firm The Carlyle Group.
Troxel Equipment Co. and Tri Green Tractor, two John Deere dealerships in Indiana, have announced plans to merge, creating Troxel Tri Green. The merger will go into effect Sept. 5, 2019 and the company will have 9 total locations.
Alamo Group (NYSE: ALG) announced that it has acquired the assets of the Dixie Chopper business from Textron Outdoor Power Equipment. Dixie Chopper manufactures a wide range of commercial and high end residential mowing equipment.
"With this and Blu-Jet-Unverferth news, there has been significant consolidation in strip-till market in recent weeks. When there are fewer than 15-20 and two consolidate, that’s notable," says Mike Lessiter, Editor of Farm Equipment.
Headquartered in Eldora, Iowa, USM is widely recognized as the leading manufacturer of long-lasting hammer mill components available to both OEMs and the after-market. The terms of the transaction were not disclosed.
Winnipeg, Man.-based Ag Growth International announced that it has agreed to make a minority equity investment of US$15 million in Farmobile Inc. AGI and Farmobile have also entered into a Strategic Commercial Agreement to expand the existing collaboration between the two companies.
On Thursday, July 18, 2019, Ag Equipment Intelligence incorrectly reported that Thurston Manufacturing and its line of Blu-Jet agricultural equipment had been acquired by Unverferth Manufacturing for $7,560,000.
The most recent bankruptcy petition released earlier this week shows the selling price for Blu-Jet came in at $7,560,000. The purchase is expected to close by Aug. 2, 2019, and no later than Aug. 21, 2019.
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The latest episode of On the Record is now available! In this week's episode we discuss two tractor lines that had disappeared from the U.S. market — Bobcat and Farmtrac — that are set to make a return. In the Technology Corner Jack Zemlicka discusses dealers' 5-year precision revenue outlook. Also in this episode, Deere & Co.'s third quarter earnings report and Cervus Equipment's second quarter earnings.
The 28th annual National No-Tillage Conference offers a mix of general sessions, No-Till Classrooms and invaluable No-Till Roundtables. Just as important is the chance to profit from unlimited hallway networking with the most innovative, forward-thinking minds in no-till during next January's event in St. Louis!