Turkish tractor manufacturer Başak Traktör bought 96.7% of the shares of Canadian Buhler Industries from Rostselmash. This is stated in the message of Rostselmash.
The proceeds from the transaction will be used to further develop the company's production and technological independence, as well as the development and release of new products.
Rostselmash acquired Buhler Industries in 2008. In 2009, Rostselmash started assembling Canadian Versatile tractors at the plant in Rostov-on-Don. However, in July 2023, the Canadian authorities began to insist on the sale of Buhler under threat of harsh sanctions.
Buhler Industries is a company producing agricultural machinery under the key brands Versatile and Farm. Buhler has manufacturing facilities and warehouses in the USA. The headquarters is located in Winnipeg (Canada).
Başak Traktör is a Turkish manufacturer of agricultural machinery, including tractors, equipment for tillage, planting and plant protection, as well as gardening and harvesting equipment. Başak's parent company is ASKO Holding, a Turkish diversified holding company with assets in the production of agricultural machinery, construction machinery and energy. The headquarters is located in Sakarya (Turkey).
Rostselmash manufactures agricultural and road machinery and owns several production sites in Rostov and Taganrog. In 2022, Rostselmash's revenue amounted to 69.7 billion rubles, net profit — 10.4 billion rubles. The company includes a number of enterprises and is a member of the New Commonwealth Industrial Union.
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